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Veksler: FX markets confused by Fed’s mixed messages

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The FX markets are having a hard time figuring out what the US Federal Reserve really means after confusing comments from Fed officials, says trader Ken Veksler.

Meanwhile, there is plenty of data out this week to move FX markets with Chinese inflation data the most important, Veksler says.

He outlines possible trades for currency pairs like GBPAUD, USDCAD and says he is wary about trading EURUSD at the moment due to the mixed messages from the US Fed.