Thu
31
Jan
Jyske Bank

Today´s comment Majors, Scandis & Funding The Federal Reserve (Fed) decided to cut the Fed Funds target rate by 50bps and at the same time expressed concerns about downside risk to growth in the economy. USD weakened on the back of the rate decision and EURUSD is this morning once again trading around 149. The Fed expects inflation to moderate slightly in the coming quarters and acknowledged that the easing done today and previously could promote growth and tone down the risks to economic





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Author:
Jyske Bank
Time:
Thursday, January 31st, 2008 at 10:21 am
Category:
FXstreet Technical Market View
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