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Forexikon

USD Went Down,FED Might Keep Monetary Policy Unchanged

By Forexikon, in Market News & Analysis

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Forexikon    10

Forexikon
Posted

USD versus Japanese yen trade near to 82.25 yen yesterday(Jan.9,2011). US dollar index went down to the intraday low of 77.63. Bernanke, president of Federal Reserve, said that US unemployment rate was still high though the non-farm unemployment rate decreased obviously on December. The analysts pointed out that Federal Reserve might keep monetary policy unchanged recently.

 

Great Britain pound against US dollar went down in the forex market as British trade deficit expanded unexpectedly and forex investors increased their expectation for the rising of interest rate by Bank of England. At the same time, European stock market and American stock market declined narrowly. The investors increased their demand for GBP.

GBP/USD traded at 1.6091/95 as of 9:44 Beijing time today.

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