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US Dollar, DJIA Rally As Fed Cuts Less Than Expected - Will the Gains Be Short Lived?

Discussion in 'Fundamental Analysis' started by ActionForex.com, Mar 18, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Fading risk aversion pushed the US dollar back and forth as market participants looked for a 100bp rate cut by the Fed, but the central bank failed to meet market expectations as they reduced the interest rate by 75bp. The Fed stated that the 75bp cut would be sufficient to...

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