January 6, 2010
Shift in Risk Sentiment Hurting U.S. Dollar
The Dollar finished the day near its low as a late session report from the Federal Reserve helped diminish expectations for an interest rate hike. Today’s Federal Reserve minutes
showed that officials were unconvinced about the strength of the recovery and that inflation should remain under control for now.
Although the Fed had forecast growth for 2010 and 2011, it stated that a faster paced recovery should not be strong enough to quickly turn around the unemployment …
