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USD Rebounds After FOMC Signals End Of QE
09/24/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Yesterday’s glut of central bank activity made for an eventful day in the FX markets. The BoE minutes was first up, with a rosier picture of the UK economy than last week’s events would have suggested; the MPC voted unanimously to keep rates on hold at 0.5%, but more importantly the decision to maintain QE at 175bn was also a 9-0 vote. The lack of dissenters in favour of higher levels of QE gave… | ||||||||||||||||||||
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