FOMC Statement Strengthens Dollar – Hurts Yen Crosses
The FOMC Statement talked about a small recovery in the American economy. While the interest rate rate stayed unchanged, the Federal Reserve’s words about slowing the pace of buying treasuries sent the dollar shooting upwards. Note the tumbling Yen crosses that were highlighted here in Forex Crunch.
As expected, the Federal Open Markets Committee concluded its [...]
Forex Daily Analysis – December 12th 2008
The big news in the Forex market is the big break of the Japanese Yen below the 90 Yen per dollar mark, as low as 88. This is the lowest level in 13 years. It came hand in hand with a rise this week in oil prices. As ananlyzed here, the strong correlation between oil [...]
Popular Forex Posts
Daily FX Headlines- Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook July 29, 2010
- Using the Doji July 29, 2010
- Pound Could Falter As Risk Appetite and Interest Rate Expectations Stumble July 29, 2010
- GBP/USD Channel Provides Opportunity with Sterling Stretched July 29, 2010
- U.S. Dollar Forecast To Fall Further Against Euro, British Pound, and Japanese Yen July 29, 2010
Stay up to date!
-
-
