NEWS / Foreign Exchange

31st October Meeting Preview

There has been a lot of talk about Fed's probable decision. Many analysts assure they will cut 25bp their interes rate and pass from the actual 4.75% to 4.50%.

Over the short term, the impact on the Dollar will be mainly guided by both the anticipated (or not) Fed move and the statement that will follow, indicating if that is enough or that there are more cuts needed.

Check the effect that the minutes are having over the pairs in our Rates and Charts Section or compare the movements of the different banks in our World Interest Rates Table.

• ?· Board of Governors of the Federal Reserve System
• ?· View the past interest rates data on our Economic Time series
• ?· Register now to the special webinar: Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
  
  

In-Depth Analysis

• ?· Overnight Briefing: Far East Timezone - Dollar Hits Record Low vs Euro Before FED Verdict by Jyske Bank
• ?· Sunrise Market Commentary: Fixed Income - US Treasuries paralyzed ahead of the FOMC meeting by KBC Bank
• ?· FOMC Trade Recommendation: January 2008 US T-Bonds (USF8) by Odom & Frey Futures, FOREX & Options
• ?· Asia Market Update - USD remains near record lows ahead of FOMC meeting by Trade The News
• ?· Daily Forex Strategy Briefing - USD near Low before FOMC Rate Decision by CMS Forex
• ?· FOMC: Preview of policy meeting by Danske Bank A/S
• ?· Commodity Trading News - All eyes on the Fed. this week... by Odom & Frey Futures, FOREX & Options
• ?· Overnight Briefing: Far East Timezone - Stocks and Dollar Paused as FED Meeting Looms by Jyske Bank
• ?· Daily Market Briefing - Federal Reserve: 4 Scenarios for Wednesday by FXCM
• ?· Daily Analysis - Dollar plumbs record low as Fed rate cut awaited by Finotec Group Inc.
• ?· FX Daily Commentary - FED And Payrolls Will Determine Dollar's Future... by FXGreece
• ?· Daily Analysis - Dollar plumbs record low as Fed rate cut awaited by Finotec Group Inc
• ?· Weekly Forex Outlook - All eyes on FOMC, amidst a heavy data week for the U.S. by Easy Forex
• ?· Fed Open ed Market Committee, October 30-31st by BBVA Bancomer
• ?· Friday Notes - Fed: The first cut was the deepest by HVB Group
• ?· Weekly Market View - Fed interest rate decision and Non-Farm Payrolls by FXstreet.com
• ?· Equity And Index Trading Strategies - Momentum Low With Eyes On FOMC by Saxo Bank
• ?· Daily Trading Strategy - Traders are all in for the FOMC by MVDForex
• ?· Daily Market Commentary - Rumors of an emergency Fed rate cut remained in place by Global Forex Trading
• ?· Daily Fx Strategy - More Dollar Damage on Growth Arguments for Fed Easing by CMC Markets
  
  

Related News

• ?· Treasurys lower ahead of Fed decision (Thomson Financial News)
• ?· Forex - Dollar stays above all-time lows vs euro ahead of Fed decision (Thomson Financial News)
• ?· Forex - Dollar steadies above all-time euro lows ahead of crucial FOMC meeting (Thomson Financial News)
• ?· Dollar recovers against euro as investors cautious ahead of FOMC meeting (Thomson Financial News)
• ?· THE FED: Fed To Cut Rates To Manage Risks, Analysts Say (Dow Jones)
• ?· Forex - Dollar sees minor recovery but further falls likely as US rate cut looms (Thomson Financial New)
• ?· Dollar Under Pressure As Fed Meeting Nears (Dow Jones)
• ?· This week on Wall Street: Fed watch (Thomson Financial News)
• ?· Dollar near all-time low against euro as US rate cut expectations mount (Thomson Financial News)
• ?· Dollar falls to new record low vs euro on looming rate cut - UPDATE (Thomson Financial News)
• ?· Fed's stealth bailout (Thomson Financial News)
• ?· Kroszner says Fed to issue rule cracking down on abusive subprime lending UPDATE (Thomson Financial News)
• ?· Forex - Dollar hits another record low against euro on US rate cut speculation (Thomson Financial News)
  
  

Analysts' comments

• ?· Charles Evans, Federal Reserve Bank of Chicago president:
  "It is prudent to adjust policy to be more or less accommodative than we otherwise would as insurance against the highly adverse outcome." - Chicago Tribune
  
• ?· Avery Shenfeld, economist with CIBC World Markets Inc:
  "Since 1994, the Fed has never failed to deliver a rate cut or hike that was fully priced in on the day before the move. Depending on the data flow, the next 25 basis points [after Wednesday] will be either a Christmas present in December or await the first quarter of 2008." - ReportonBusiness.com
• ?· Peter Hooper, chief economist of Deutsche Bank Securities:
  "They don't want to give a signal that they're done cutting rates, nor that we clearly have more coming. They want to leave open the options as widely as possible." - Washington Post