GO Markets - FX Market Commentary

By Chris Gore
05 November 2009 @ 05:55 pm EDT

While it was expected that the ECB would leave its key policy rates unchanged, there was quite an amount of interest in the monthly press conference which followed the rate announcement. In recent weeks we have seen a number of Central Banks, most notably the RBA start to raise interest rates. In contrast, the US Federal Reserve Bank repeated its commitment to keep exceptionally low levels of the federal funds rate for an extended period while the Bank of England stepped up its support for the economy by boosting the amount of quantitative easing by a further £25B.

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