forextrader
Студент
Joined: 30 Sep 2007
Posts: 28
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 Posted: Thu Jan 31, 2008 7:02 pm Post subject: Latest Forex Analysis - 31/01/08 |
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Read the latest forex analysis:
Fed Deliver a 50 basis point cut
"U.S. Dollar Trading (USD) saw the Federal Reserve cut rates by 50 basis points as widely expected as growing fears regarding a US recession remains. As a result the USD was pressured versus a number of forex majors as the lending rate now sits at 3%..."
"The Euro (EUR) traded at a two week high versus the dollar following the rate cut be the Fed. Overall the EURUSD traded with a low of 1.4755 and a high 1.4910 before closing the night 1.4880 in the New York session..."
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