| Global Interest Rates | |||
Australia |
7.25% | ||
Canada |
3% | ||
EMU |
4% | ||
Japan |
0.5% | ||
Swiss |
2.75% | ||
England |
5% | ||
US |
2% | ||
Usd/maj. - San Francisco Federal Reserve Bank President Janet Yellen said that U.S. interest rate policy is 'nearing a crossroads' now that worse-case scenarios for growth have been skirted by the Fed's aggressive string of rate cuts. Yellen said there is no sign so far of generalized wage pressure but that the Fed was alert to rising risks of inflation. However, there is little reaction on the foreign exchange markets as focus is on any dlr's +ve statement during the G8 meeting.
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