Excerpt from: Forex Forecast
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| January 30, 2008 | | Fed rate cut expected today | The US dollar is expected to drop a little more in currency trading on the FX market. The forex trading forecast is predicting a Fed rate cut of 50 basis points today. The body is hoping that the cut will help with economic stimulus efforts. MarketWatch reports on the Fed rate cut:
The dominant view expressed by Wall Street economists is that the Fed will be loathe to "disappoint the market."
Traders in federal funds futures on Tuesday expect a 50-basis-point cut rate.
| Topic Tags: currency trading, federal funds futures, Fed rate cut, forex trading, forex trading forecast, FX market, US dollar, US dollar currency trading | |
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