FED lowered Interest Rate to 2.25%

Posted on March 18, 2008
Filed Under Forex News |

Its official, FED has slashed its overnight banking rate by three-quarters of a percentage point to 2.25%.

After the rate cut, US dollar moved higher against the Euro and the British Pound. This  was a less aggressive move by the FED as many players were disappointed as they were  anticipating a full percentage point cut.

Cheers, Kampai, Proscht^^!!

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