Forex | Forex Strategies | The Near Zero Interest Rate Club (10/07/2009 09:56:35)

The Near Zero Interest Rate Club

Never before has the world commonly undertaken such efforts to kick their respective economies onto the path of recovery. The Bank of England, for instance, lowered their interest rates to the lowest levels since the foundation of the institute 250 years ago. And even the reluctant ECB admits it had to throw in the towel. True, the AUD and the NZD are still having an interest rate premium over the rest of the world, but the market thinks it is only a matter of time until they have to give in,


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