MORNING BRIEFING: The Fed left its key rate unchanged near zero, the dollar rose.

[RTFX-Trading]

MORNING BRIEFING: The Fed left its key rate unchanged near zero, the dollar rose.

What’s new:
Japan: declining exports and doubts about the recovery
G20: Summit to restore global growth on track
United States: the Fed keeps its interest rates low, sees an upturn
United States: total debt of $7.000 billion a year
United States: unexpected increase in stocks of crude oil
Norway: maintaining rates, but a planned increase excluded
Euro zone: Services returned to growth
Euro zone: increased industry orders
France: Consumer confidence declined in July-August

Today:


Rates in Asia and Indices:
EURUSD: 1.4754 - 1.4686.
USDCHF: 1.0300 - 1.0251.
EURUSD: 1.6387 - 1.6317.
EURJPY: 134.69 - 133.58.
USDJPY: 91.63 - 90.77.
DowJones: 9'748 -0.83%.
NASDAQ: 2'131 -0.69%.
S & P 500: 1'060 -1.01%.
Nikkei: 10'475 +1.01%.
Shanghai: 2'803 -1.37%.
GOLD: $ 1'009.45.
Oil: $ 68.40.
 
Comments:
Yesterday evening at 20:15, the U.S. Federal Reserve, as expected, left its key rate unchanged at a level close to zero, reaffirming that they would remain low for a prolonged period. The Fed also notes the improvements in the economic conditions in the United States. The market fears that the Fed begins to reduce its support to the financial system, which was put in place earlier this year, and that has pushed up the greenback.

Attention is now focusing on Pittsburgh, where the G20 summit starts with an agenda to prevent further global economic crises and how to regulate the markets. What concerns the Forex, some European leaders are worried about the strength of the euro. However, this issue is not on the agenda.

Good day.

Nicolas Longchamp
RTFX Ltd
Head Office
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