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Action Insight-Forex Analysis – Dollar Climbs as Fed Loses Unanimity on Warranting Low Rates

admin — Thu, 28 Jan 2010 06:00:25 +0000

Dollar surges across the board as FOMC members lost unanimity on

keeping borrowing costs low. Fed left rates unchanged at 0-0.25% today and in the accompanying statement, it still said that rate “are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” However, one…
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Action Insight-Forex Analysis – BoC: Rate Unchanged, Economic Recovery Impaired by CAD Strength

admin — Wed, 20 Jan 2010 06:00:26 +0000

The Bank of Canada kept the overnight rate unchanged at 0.25% and

pledged to keep it at current level until the end of the second quarter of 2010 in order to achieve the inflation target. Concerning economic development, the central bank believed strong Canadian dollar will continue to dampen activities…
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Technorati Tags: bank, Canada, development, economic, Forex, news, overnight, rate, unchanged