Forex | Forex Strategies | Greenback Gains as Fed Stays Put (25/06/2009 00:12:32)

Greenback Gains as Fed Stays Put

Greenback Gains as Fed Stays Put The dollar rose on Wednesday after the FOMC maintained the federal funds rate at a record-low range of zero to 0.25% and left its $1.75 trillion bond-purchase program unchanged. The Fed also stated that “the pace of economic contraction is slowing” and “inflation will remain subdued for some time.” The OECD raised its economic forecast for its 30 member countries to a 4.1% contraction in 2009 and a 0.7% expansion in 2010. US durable goods orders unexpectedly


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