Excerpt from: Forex Analysis
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| August 27, 2008 | | Fed rate to remain on hold | U.S. dollar forex trading strategy should consider that the Fed is likely to keep the rate on hold for now. Indeed, while this move may help the greenback some in currency trading, many traders are a little dismayed with disagreement among members of the committee.
FX Street reports on what members of the Fed do agree on:
Disagreement among the members continues to be very evident. That said,
the general view appeared to be that growth risks increased over the
intermeeting period, as financial conditions deteriorated and signs
became evident that consumer spending and export demand was slowing
amid a continued weakening of the labour market. | Topic Tags: disagreement Fed, Fed rate, forex trading strategy, greenback currency trading, traders, U.S. dollar forex trading | |
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