No, the Federal Reserve did not cut interest, but one central bank did - the RBNZ, which is short for the Reserve Bank of New Zealand.
For the first time in 5 years, the Reserve Bank of New Zealand cut interest rates by 25bp to 8 percent and signaled that rates will be cut even further. [...]

Posted in New Zealand dollar, reserve bank of new zealand 4 Comments »

The US dollar continues to recover this morning on the aftermath of the 3Ps - Paulson, Plosser and price of oil. Oil prices are trading on the $125 handle and since last Monday they have fallen more than 14 percent. If oil prices reach $100 a barrel, half of the Fed’s problems would [...]

Posted in EURJPY Record High, beige book dollar, paulson, paulson dollar No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:

 
Podcast Covers:
Is the Euro Overvalued?
British Pound Rallies on Hawkish Bank of England Minutes
Consumer Prices in Australia and Canada Rise More than [...]

Posted in British Pound, FX Radio, Forex Podcast, euro overvalued, forex blog No Comments »