Interest Rates

The Feds Kept Interest Rate Unchanged

By Forextvblog on August 12, 2009 -

The US currency edged up sharply against its major counterparts following the release of Fed's rate decision during New York afternoon trading on Wednesday. The Federal Open Market Committee, the policy-making arm of the Federal Reserve, announced that it was maintaining the target range for its benchmark federal funds rate at zero to 0.25 percent.[caption id="attachment_1866" align="alignright" width="200" caption="Feds Left Rates Unchanged"][/caption] The Fed also repeated its belief that low rates will persist for what it calls "an extend... ( read more )

FOMC Rate Announcement Today, Forex Traders Be ready!

By Forextvblog on August 12, 2009 -

During yesterday's trading, the Yen continued to be the dominant currency in the forex market. Whilst most of the major currencies tended to fluctuate without marking a sustained trend, the JPY strengthened on all fronts, and currently looks to be this week's top investment. During today's trading, the most fascinating data will come at 18:15 GMT, as the Federal Funds Rate for August will be announced. The main question is whether the Fed will hike rates in light of recent positive economic data. Such a turn of events could create mayhem in the... ( read more )

Is a Rate Cut Too Late To Prevent The Looming Recession?...

By Ari on September 16, 2007 -

The greenback traded at unprecedented levels last week losing some signficant ground against the majors and hitting an all time low against the EUR. The USD has been under pressure ever since the US housing bubble burst, this fact combined with the resulting spreading global credit crisis and the Feds hesitance to cut the interest rate has put the greenback on a very slippery slope. On Tuesday the Fed will release its much awaited interest statement and it is expected to cut the rate from 5.25 % to 5.00 %. The big question on investors minds no... ( read more )

UK And Euro-Zone Rates Release Today.

By Forextvblog on August 2, 2007 -

UK And Euro-Zone Rates Release Today. The EUR is still showing signs of resilience as it traded in a relatively close range yesterday even though there was volatility all across the board. The German Manufacturing PMI figure was released slightly below the expected figure of 57.0 at 56.8. However this soft data did not manage to slowdown the overall European Manufacturing PMI figure which was released stronger than expected at 54.8. The most significant news to be released from the Euro-zone today will be the ECB’s key interest rate anno... ( read more )

The US Interest Rate decision

By Forextvblog on March 21, 2007 -

The US Interest Rate decision The central bank's governing body, the Federal Open Market Committee (FOMC), releases an Interest Rate Statement eight times per year. The statement contains the latest decision regarding changes to the nation's short term interest rate ("fed funds rate"), a brief report of the economic conditions that effected their decision, and most importantly, clues on what the next rate decision will be. A rising trend has a positive effect on the nation's currency. Short term interest rates are the paramount factor in cur... ( read more )

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