Coordinated Worldwide Emergency Interest Rate Cuts
Coordinated Worldwide Emergency Interest Rate Cuts
U.S. Dollar Trading (USD) in an extreme move central banks around the world cut rates in a coordinated fashion to try and restore some confidence in the markets. With the Nikkei down 10% and European stocks following the lead the bold move did stem the selling for a short while. […]
Global Coordinated Rate Cut Does Little to Stabilize Markets
Global Coordinated Rate Cut Does Little to Stabilize Markets
The Usd was mixed in the early trading session following a series of rate cuts from central banks in Europe and Asia. The EurUsd gained roughly 80 pips to the mid range of 1.36, while the UsdJpy fell below the 100 level for the first time since […]
Commodity Currencies Plunge on Global Rate Cuts
Commodity Currencies Plunge on Global Rate Cuts
The dollar, trading mixed against its rivals Wednesday, was sharply higher against the commodity currencies but lower versus the yen and euro. In an unprecedented move to alleviate the financial crisis and global economic slowdown, major six central banks each cut benchmark interest rates 50 basis points. Sterling fell […]