ForeX

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Entries for September, 2007

U.S. Dollar Little Changed Before Fed’s Interest-Rate Decision

Sept. 18 — The dollar was little changed before the Federal Reserve announces its interest-rate decision today, which investors expect will result in the first reduction in four years.

The U.S. currency erased losses versus the euro and yen as investors pared bets on a 50 basis-point cut to support economic growth, which has [...]

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Dollar May Fall to Record Low Against Euro on Rate Outlook

Sept. 12 — The dollar may fall to a record low against the euro as investors bet the Federal Reserve will lower interest rates next week while the European Central Bank is expected to raise borrowing costs by year-end.

The U.S. dollar might decline for a sixth day versus Europe’s common currency, which would be [...]

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