US Interest Rates on Hold |
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US Interest Rates on Hold U.S. Dollar Trading (USD) in an eventful day of trading the USD finished on a weak footing after finding strength earlier in the day on safe haven demand. May Home Sales surprised to the downside at 300k vs. 410k forecast. The FOMC held rates at 0.25% and slightly downgraded the economic outlook citing the weak housing data and European crisis. In US stocks, DJIA +4 points closing at 10446, S&P -3 points closing at 1092 and NASDAQ -7 points closing at 2254.
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