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Day: June 25, 2008
June 252008
USD Falling after FOMC Statement
The U.S. dollar dropped against the euro, pound and yen today after the Federal Reserve left the interest rate unchanged and released a statement showing no substantial signs that the rate can be raised by the end of the year. As the majority of the market analysts expected, the Federal Open Market Committee left the federal funds rate at 2.00 percent at this meeting. The […]
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June 252008
Dollar Falls Insignificantly on Neutral Fundamentals
EUR/USD grew today from 1.5571 to 1.5573 making it a second gaining day this week, but its still trading below the Monday open rate (which is 1.5627). All fundamental releases were quite neutral today, so they couldnt help much neither dollar nor euro. Forex market participants await FOMC rate decision today. Durable goods orders remained unchanged in May after a 1% decrease in April — and according to the market […]
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