31/01/08: Fed Deliver a 50 basis point cut

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31/01/2008, 17h58

forextrader

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Date d'inscription: septembre 2007

Messages: 44

31/01/08: Fed Deliver a 50 basis point cut

Read the latest forex analysis:

"U.S. Dollar Trading (USD) saw the Federal Reserve cut rates by 50 basis points as widely expected as growing fears regarding a US recession remains. As a result the USD was pressured versus a number of [COLOR=Black]forex[/COLOR] majors as the lending rate now sits at 3%..."
"The Euro (EUR) traded at a two week high versus the dollar following the rate cut be the Fed. Overall the EURUSD traded with a low of 1.4755 and a high 1.4910 before closing the night 1.4880 in the New York session..."

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