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Markets Respond With Volatility But Little Strength After Global Rate Cut (Forex Video)
Wednesday, 08 October 2008 20:51:05 GMT
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- Monday, 12 October 2009 21:51:52 GMT Traders Leaning on the Dollar as its Dominance Continues to Falter (Forex Video)
- Monday, 12 October 2009 14:50:59 GMT Forex Strategy Outlook: US Dollar Range Likely to Hold on Low Volatility
The Fed, ECB, BoE, BoC and SNB all cut their benchmark lending rates in a coordinated effort to stabilize global markets. However, markets initially show skepticism as to the moves effectiveness.
Stories to watch on DailyFX
· The emergency rate cut won't revive confidence alone. Even after a 50bp cut, markets still expect additional easing from the Fed.
· See how our DailyFX Analysts' are positioning in the volatile yen crosses in the DailyFX Analyst Picks section.
Send any comments or questions to jkicklighter@dailyfx.com.
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