January 22, 2008The surprise 75bp interest rate cut delivered by the Federal Reserve this morning brought US interest rates down to 3.50 percent, making the US dollar the third lowest yielding currency in the developed world.
More specifically, US rates are now 50bp less than Eurozone and Canadian Rates, 200bp less than UK rates, 325bp less [...]
Posted in Australian Dollar, Bernanke, British Pound, Canadian Dollar, Fed Emergency Cut, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Interest rates, Japanese Yen, New Zealand dollar, euro 
No Comments »
content rss
Recent Comments