DailyMarkets.com - Forex Trading: All Eyes On Today’s FOMC Statement

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Forex Trading: All Eyes On Today’s FOMC Statement Posted: 12 Dec 2012 12:07 AM PST All Eyes on Today’s FOMC Statement The euro saw gains against virtually all of its main currency rivals yesterday, following the release of a significantly better than expected German ZEW Economic Sentiment figure. Additionally, a positive Spanish bond auction led to an increase investor risk taking. Today, all eyes are likely to be on the US FOMC Statement, scheduled to be released at 17:30 GMT. Speculations that the Fed will announce an expansion of its bond buying program today have caused … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sri Lanka Cuts Rate 25 Bps To 7.5% As Inflation Seen Easing Posted: 11 Dec 2012 08:03 PM PST     The Central Bank of Sri Lanka cut its benchmark repurchase rate by 25 basis points to 7.50 percent, saying an expected decline in inflation by the second quarter of 2013 would allow it to ease monetary policy and support the economy so the growth potential can be reached in 2013 and following years.     The central bank, which raised rates twice earlier this year to limit credit growth, also said it would let the ceiling on rupee credit that can be extended by banks … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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