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Bank Indonesia Raises Borrowing Costs

Thursday, July 3rd, 2008

Indonesian RupiahThe Bank Indonesia increased the interest rates today for its third meeting in a row to efficiently fight the accelerating inflation caused by the growing food and oil prices.

USD Falling after FOMC Statement

Wednesday, June 25th, 2008

U.S. dollarThe U.S. dollar dropped against the euro, pound and yen today after the Federal Reserve left the interest rate unchanged and released a statement showing no substantial signs that the rate can be raised by the end of the year.

Swiss Franc Lower after Rate Decision

Thursday, June 19th, 2008

Swiss francThe Swiss National Bank decided to keep the country’s main interest rate at its 6-year highest value facing the risks of both a higher inflation rate and a slower economic growth.

Rupee to Gain 9% This Year on Higher Rates

Friday, May 23rd, 2008

Indian rupeeFortis Bank analysts expect Indian currency to rise 9 percent by the end of this year as the Reserve Bank of India will have to increase interest rates to fight the accelerating inflation growth.

AUD Stops Growth after RBA Statement

Tuesday, May 6th, 2008

Australian dollarThe Australian dollar stopped growing on the Forex market today after the Reserve Bank of Australia mentioned economical growth moderation in its monetary policy statement.

Euro Rose on Support of ECB Rates

Monday, May 5th, 2008

EuroThe euro rose today during the early Forex trading session, as the European politicians changed their mind on the ECB interest rate policy and traders became more confident that Jean-Claude Trichet won’t reduce the rates this week.

FOMC Reduces Rate, Hopes for Better

Wednesday, April 30th, 2008

U.S. DollarThe Federal Reserve lowered the federal funds rate from 2.25% to 2% today during the scheduled meeting of the Federal Open Market Committee, saying that the current measures may be enough to remove the risks.

Singapore Dollar Drops Large This Week

Saturday, April 26th, 2008

Singapore dollarThe Singapore currency had its worst week in a year on the Forex market, as it lost along with the other Asian currencies to the U.S. dollar, because the investors began to expect that the U.S. interest rate will unchanged rather than lowered next time.

BoE Cuts Rate, ECB Holds again

Thursday, April 10th, 2008

European Central BankBoth Bank of England and the European Central Bank acted as expected today during their monetary policy meetings — BoE cut the interest rate to 5.00% and ECB left them unchanged at 4.00%.

Yen Steady on Forex after Rates Unchanged

Wednesday, April 9th, 2008

Japanese YenThe Japanese yen is holding steady on the Forex market today after interest rate was left unchanged at 0.5% and the stock markets fell slightly.