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USD Surges On Rumours Of Discount Rate Hike

03/18/10 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY -0.33 GBP -0.76 CHF -1.15 EUR -1.29

• Rumours of another hike to the US discount rate to be announced at 12:30 EST sent the USD surging; DXY up nearly 1% on day. • UK PSNCR (Feb) grew to 7.7bln from 4.681bln in Feb 09 (11.0bln expected) • UK PSNB (Feb) came out at 12.4bln (8.766bln Feb 09. Feb record. 14.75bln Exp • Sweden’s Unemployment Rate unexpectedly ticked lower to 8.3% (8.4% expected, 8.4% prior) • Switzerland Industrial…

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