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Day: January 30, 2008
January 302008
Russia May Stop Using Ruble to Fight Inflation
The Central Bank of the Russian Federation will probably stop intervening into the national currency market in order to strengthen the ruble against the U.S. dollar and hold down the growing inflation. This was stated by the Alexei Kudrin, Russian Minister of Finance, at the investment conference in Moscow today: In the coming three years we should move to an inflation targeting regime and a floating exchange […]
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January 302008
Forex Trading Edge New MetaTrader 4 Broker
Recently Iâve been contacted by the manager of Forex Trading Edge. Itâs quite a new Forex broker that started to operate near the end of 2007. Forex Trading Edge is the introducing broker for Forex.com broker. Usually I donât like to list the introducing brokers as the separate entities, but this one got my attention, because it offers a MetaTrader 4 platform, something that Forex.com is missing. Besides MT4, it also […]
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January 302008
Dollar Falls After FOMC Lowers Interest Rates
The main intrigue for today Forex trading session was the FOMCâs meeting at which the next interest rate should have been decided. As the most market participants expected FOMC lowered overnight interest rate in U.S. by 0.50% to 3.00%, farther widening the gap between U.S. and European interest rates. The decision was made under the pressure from the deepening crisis in the both housing and financial markets. EUR/USD jumped up by almost 100 pips […]
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