CURRENCIES
Stalking the Wild Pendulum
Tuesday, December 1, 2009
As The Fed maintains its low interest rate policy investors are deserting the US dollar. The exchange rate of the greenback has dropped. Japan has suffered the most losses.
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IT started from the minutes of a meeting of the Federal Open Market Committee that was released on their website, on Tuesday last week. These minutes of the results of the meeting on 3-4 November 2009 contained a resume of the economic projections made by members of the Board of Governors and President of the United States Federal Reserve Bank.
During discussions about future monetary policies, they agreed that there were no target changes. Econom
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