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Dollar gains on Fed’s lowered economic projections, no signs of stimulus

06/25/11 by  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
GBP -0.17
JPY -0.17
CHF -0.32
EUR -0.45
The FOMC rate decision saw interest rates remaining unchanged at 0% – 0.25% as expected, repeating his pledge to keep rates extremely low for an extended period of time and the Fed officials decided to keep the balance sheet at a record to spur the slowing economy after completing the $600 Billion bond-purchase program this month. Fed Chairman Bernanke said that the economic recovery appears to…

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