Post Tagged with: "discount rate"
Forex Daily Outlook – April 5th 2010
Most of the world is still enjoying the long Easter weekend, but there’s no holiday in the US and important data is due. Let’s see what’s on the menu: The impact of Friday’s Non-Farm Payrolls will still be felt. After many days of dollar weakness, the Non-Farm Payrolls showed a nice gain in jobs, after
Fed Mini-Hike – Which Currencies Are More Vulnerable
Ben Bernanke surprised everybody with a hike of the Fed’s discount rate. The response was immediate and shook all the markets. Some currencies weathered the storm, while others are at critical spots. Here’s a quick damage control. The Federal Reserve only raised the special discount rates for banks, and said that businesses and households won’t