Daily Forex Commentary for June 18, 2009

June 17th, 2009 • Related • Filed Under




June 18, 2009

U.S. CPI Report May Have Tipped Fed’s Hand

This morning’s CPI Report indicated a lower than expected rise in the inflation rate. This sent a signal to traders that the Fed will probably announce that they will not raise interest rates in September as some have speculated. This announcement is likely to be contained in next week’s FOMC statement.

Traders originally were buying Dollars around midnight (CDT) when the stock market started to break. Traders were shying away from risky assets in anticipation of a sharp break in …
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