Day: December 11, 2007

Dollar Firmer Before Fed Rate Decision

Little time remains before today’s FOMC meeting, which will decide the future target interest rate for the U.S. banks. Dollar gained a some weight against euro on some marginal expectations that Federal Reserve will cut rates by just 25 basis points instead of 50 points predicted by the current futures rate. Financial markets expect not only the interest rate decision, but also the FOMC’s statement on the discount […]