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03/17/08 - Dollar and Pound Fall as Credit Market Woes Forc »

FOMC Digs, Cutting Rates by “Only” 75 Basis Points


The Federal Reserve moved to cut rates aggressively, bring rates down to 2.25% from 3%. The Dollar gained in a knee jerk reaction as investors believe this move may the Fed is concerned about inflation. The UK and Canada released mixed consumer inflation reports.

Author: infiniteforex

Keywords: forex fx metatrader currency

Added: March 20, 2008

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This entry was posted on Friday, March 21st, 2008 at 10:38 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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