Archive for February, 2005

FOMC raises US interest rates to 2.5%

The markets consolidated ahead of the FOMC decision on the rate hike paring the dollar lower against the major crosses. The FOMC rate hike, which had largely been discounted by the markets, failed to have any major impact on the crosses. The Fed continued with its measured approach towards further rate hikes in the coming [...]

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February 3, 2005   Posted in: Uncategorized  No Comments