Wednesday, April 4, 2012

Forex - Dollar rises on FOMC minutes

Forex - Dollar rises on FOMC minutes

The greenback strengthened against a basket of currencies on the backdrop of the release of the minutes of the FOMC’s meeting on March 13. The March minutes show decreased urgency to add stimulus with no sentiment expressed for additional easing unless the economic conditions worsen. The Fed also affirmed its plan, first announced in January, to hold low interest rates through late 2014. Read more