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Wall Street rallies and awaits for the Fed decision

FXstreet.com (San Francisco) - The US stocks market closed higher on Tuesday as investors' confidence was fueled by upbeat economic data and hopes that the Federal Reserve meeting will provide any hint on what the central bank will do in the short term.

The DJIA rallied 138.38 points or 0.91% to end the day at 15,318.23. The S&P 500 advanced 12.77 points or 0.78% to 1,651.81. And the Nasdaq added 30.05 or 0.87% to 3,482.18.

USD/JPY consolidates at 95.20

After being rejected by the 95.75 area in the early American session, the USD/JPY fell to the 95.00 but the pair held the position and currently it's pricing around 95.20.
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Flash: The case for USDCAD upside - UBS

The broad-based US dollar strength theme will pick up momentum going forward, says Cameron Umetsu, FX Strategist at UBS, who favours buying any dips on the USD/CAD post FOMC.
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