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(ForeignMarketWatch.com)
At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the System Account in accordance with the following domestic policy directive:
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Original post by Forex Signals System and software by Elliott Back
(ForeignMarketWatch.com)
After sending the signal on Friday that the ECB was set to raise interest rates, President Jean-Clause Trichet’s comments led to a boost in confidence in the euro. Against the dollar, the euro leaped to $1.1714 approximately a rise of half a cent in 10 minutes, despite the greenback’s recent rally. The news not only affected eur/usd valuation, but also the price of stocks as reflected in the FTSEurofirst 300 and the DJ Euro STOXX 50 indices. The hawkish view suggests there may be an influence in the euro’s valuation around the end of November.
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Original post by Forex Signals System and software by Elliott Back