Dollar Bounces Back After Rate Cut |
|
Economic News USD Yesterday, the greenback rose all across the board after that the Federal Open Market Committee (FOMC) voted to lower the US Interest rate by 75 pts to 2.25%. The Fed announcement, which returned below the expected 100 point cut, set the USD on a bullish run as it appreciated against most of the major traded currencies particularly the EUR/USD pair which dropped close to 150 pips. The FOMC decision came as a last hope to help the US economy and the greenback recover Read More...
Filed under: Technical
Latest Posts
- BoE and ECB: Will they Under or Over Deliver?
- Usd/Chf update
- Eur/Usd for today
- Greenback declines against the Yen as U.S payrolls fall
- Asian Session: Asian Stocks rise on further commodity weakness – markets eye NFP’s today
- Finding a Broker
- Forex - Dollar fell against Euro after ECB rate cut
- Euro Gains After “Meager” Rate Cut
- Daily Forex Overview
- Euro: Need to see break above that 1.3115 resistance to expand the upside
- EURGBP to a New Decade High!
- US: Factory orders show the steepest drop in 8 years
- Action Bias Summary Table
- Treasury rally going into payrolls. Buy the rumour sell the fact end of week reation?
- Starting the day - Yesterday’s newspaper
No Comments! Be The First!