SubscribeDaily Forex Commentary for March 18, 2009
March 17th, 2009 • Related • Filed Under
March 18, 2009
Bank of Japan Could Intervene After Central Bank Meeting
The strong intraday turnaround in U.S. equity markets on Tuesday eased concerns about the U.S. recession worsening and reduced earlier gains in the U.S. Dollar as trader appetite for risk increased.
The Fed began its two day FOMC meeting on Tuesday. Speculators are looking for the Fed to announce a plan to aggressively buy long-dated debt to help lower long-term interest rates. The Fed’s idea is to keep the pressure on mortgage rates which they want to see …
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