Excerpt from: Forex Analysis
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| May 01, 2008 | | Currency trading with the greenback | US dollar forex trading strategy should consider that the Fed made a statement that could indicate a pause in interest rate cuts -- at least for a while. Bloomberg reports on the Fed's statement:
``The Fed's statement erred on the hawkish side and showed
an inclination to pause in cutting rates,'' said Kamal Sharma, a
currency strategist in London at JPMorgan Chase & Co.
The Fed, however, did not rule out more rate cuts, however, and said that a wait and see approach would be used. All of this will affect currency trading with the greenback down the road.
| Topic Tags: currency trading, currency trading greenback, Fed rate cut, forex trading, forex trading strategy, rate cuts, US dollar forex trading | |
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