Archive for September, 2005

US interest rates increase for the eleventh straight month

The US dollar edged higher last night following the FOMC decision to raise interest rates by 25 basis points to 3.75%. The dollar strengthened on the back of the release, cable was seen below the 1.8000 level again, and $1.2130 against the euro. Although a minority of economists had expected the Fed to pause its [...]

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September 21, 2005   Posted in: Uncategorized  No Comments