Excerpt from: GFT Analysts in the News
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| October 29, 2008 | | Currency market awaits Fed rate decisions | The currency market and other markets are waiting for the Fed rate decision, expected to be announced later today.
Things have been a bit languid this morning in forex trading, although there have been some pockets of activity. But most of it has been somewhat smooth activity.
The Fed rate decision is expected to bring the funds rate down to 1%, a cut of 50 basis points. Even if the rate cut is not that steep, it is still expected to be a cut of at least 25 basis points.
| Topic Tags: currency market, currency trading, Federal Reserve, fed funds rate, Fed rate decisions, forex trading | |
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