Forex Word PressIntegrated Forex Experiences And Forex Information That Useful In Trading

EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3725 level and was capped around the $1.3815 level.  As expected, the Federal Open Market Committee yesterday kept its benchmark federal funds target rate unchanged at 0.25% and global equity markets received the news well under the premise that inflation will not be a problem for some time.  The markets are largely speculating the Fed will not begin to raise interest rates

Congress put the final seal of approval on a $17.6 billion job creation bill on Wednesday.

Fed Chairman Ben Bernanke made his strongest case yet to Congress on Wednesday for the Federal Reserve keeping its regulatory oversight powers over banks large and small.

The loonie continued its flight toward parity Wednesday hitting 99 cents US at one point pushed forward by solid commodity prices, a renewed low rate pledge south of the border and better-than-expected Canadian wholesale trade numbers.

5 Vote(s)

Oil producing Gulf Co-operation Council (GCC) states are expected to maintain aggressive monetary easing measures through the year to spur banks into unlocking their massive resources and resume normal lending to support their volatile economies.

6 Vote(s)