NEWS / Foreign Exchange

Quarter a percent benchmark interest rates cut today.

The FederalReserve on today??™s meeting decides to cut the key benchmark interest rates withquarter a percent to 4.5%. After many mistakes by the Federal Reserve Bernanketry to help to the economy using the key management of the economy with theinterest rates. Today??™s Federal Reserve action was the reasons for already4-weeks upward trend of EURUSD. The market generates this decision but stillthe dollar is too weak with many negative factors to start solid recovery.