- Infowars - http://www.infowars.com -
Dollar drops before Fed meeting
Posted By kurtnimmo On March 12, 2012 @ 1:29 pm In Global Crisis,Old Infowars Posts Style,Tile | Comments Disabled
March 12, 2012
The dollar dropped against the euro and yen on Monday a day before a Federal Reserve policy meeting, but losses will likely be capped given expectations that the central bank will refrain from further policy easing given signs of a recovering jobs market.
The dollar touched a nearly seven-week high against a basket of currencies, but trade was choppy ahead of the Fed and U.S. retail sales data, a key monthly gauge given consumer spending comprises more than two-thirds of the economy.
With the majority of economists expecting the Fed to maintain its policy of keeping rates near zero through 2014 and refrain from mentioning a third round of bond buying, called quantitative easing, the retail sales data has the potential to sway currency sentiment.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/dollar-drops-before-fed-meeting-retail-sales-data/
Copyright © 2015 Infowars. All rights reserved.