Dollar Falls as Fed Expected to Hold Line on Rates

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.

“It’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,” said Tim Brunne, a credit strategist with UniCredit SpA in Munich. “We don’t expect the Fed to start raising rates until the fourth quarter of 2010 at the earliest.”

Bloomberg

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.