Tag Archives: FED

Dollar struggles ahead of Fed meeting

The US dollar broadly weakened against most major counterparts on Tuesday as a result of rising expectations that the FOMC has little choice but to downgrade its economic view on the American economy at the Federal Reserve policy meeting on Wednesday and will maintain quantitative easing. Also hurting the dollar was economic data indicating a slowdown in business activity. The Chicago PMI was...

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April 30, 2013 @ 8:54 pm

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Dollar eases against most majors as risk appetite builds after Fed meeting

The Federal Reserve policy meeting ended on Wednesday with a press conference by Fed Chief Ben Bernanke, who lifted risk appetite in the markets. Risk currencies traded higher against the dollar, and against the safe haven yen, the dollar surged. The Federal Reserve announced it will continue its bond-buying policy at $85 billion a month to prop up the US economy. The markets took this as a...

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March 20, 2013 @ 9:52 pm

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Gold drops to 7-month low

Gold tumbled to the lowest level in seven months as a result of a stronger dollar after the Federal Reserve released minutes of the policy meeting held last month. The minutes showed that the Fed’s FOMC (Federal Open Market Committee) signalled that the current asset purchase program may be slowed down or even end soon. The current quantitative easing measures include $85 billion a month...

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February 21, 2013 @ 8:06 am

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Gold prices decline amid speculation of end of Fed stimulus

Gold prices declined on Monday amid speculation of tighter monetary policy by the United States Federal Reserve. The precious metal came under pressure after Fridays’’ release of the minutes of the FOMC’s December meeting which suggested that the Fed may end stimulus measures. This means it could halt its asset purchase program which was gold-friendly, by the end of this year. Such news...

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January 7, 2013 @ 9:37 pm

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