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Market Wrap: Fed's 75bps Emergency Cut Seems Not Enough

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 22, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Market turned 180 degrees after Fed's emergency 75bps rate cut. Yesterday's top losers, AUD/JPY, NZD/JPY, NZD/USD and EUR/JPY become today's top movers. The intermeeting 75bps cut in federal funds rate to 3.50% from Fed is the first emergency rate cut since 01 and the largest single day reduction since 1984....

    complete article here...

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