Here is a great video about the upcoming FOMC Interest rate release:
Posts Tagged with ‘US’
FOMC Rate Announcement Today, Forex Traders Be ready!
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 )
April 27, 2009 - The Mexican Swine Flu Take the USD Down
The U.S. dollar fell on Monday to its lowest in a month against the Yen as worries about the spread of the swine flu from Mexico prompted investors into perceived safe-haven currencies such as the Yen and the CHF. Crude oil was also pushed down toward $50 a barrel on fears that the global flu pandemic that could give the world economy another knock.
The U.S. Dollar appeared to be losing ground against all of its major currency counterparts towards the end of last week's trading. It dropped to one-week lows against its rivals, falling to 1.3... ( read more )