The dollar rises after the Fed announcement to raise its discount rate

By IBTimes Staff Reporter | February 19 2010 1:32 AM

EUR/USD (1.3460)European & US sessions forecast levels: 1.3335/1.3840Trend Sessions: European: DownwardUS: Neutral/DownwardMarket Focus: 8:30 AM CPI, Core CPI. Daily Strategy: The dollar start new gain against the major currencies after the announcement that the Federal Reserve will raise its discount rate with 25 bps tomorrow. The latest positive news for the growth in U.S. economy also helps to the dollar to make a gain against the euro. The trading strategy today is to open short positions.

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