The dollar fell today as the FOMC wraps up its two-day meeting to discuss the state of the US economy. It is widely expected that the Fed will hold the line on interest rates while committing to further stimulus spending.
Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s too risky for the Federal Reserve to play around raising interest rates before the economic recovery takes hold and becomes independent of stimulus measures,Ã¢â‚¬Â said Tim Brunne, a credit strategist with UniCredit SpA in Munich. Ã¢â‚¬Å“We donÃ¢â‚¬â„¢t expect the Fed to start raising rates until the fourth quarter of 2010 at the earliest.Ã¢â‚¬Â
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