Monday - 2014-10-13 World News Federal Reserve policy makers last month worried that slowing global growth and a stronger dollar posed risks to the U.S. economy as they decided to maintain a pledge to keep interest rates low for a “considerable time.” A number of officials said the U.S. expansion “might be slower than they expected if foreign economic growth came in weaker than anticipated,” according to minutes of the Sept. 16-17 Federal Open Market Committee meeting released last week, The minutes highlight growing concern among policy makers who say further gains in the dollar could hurt exports and damp inflation...... Currency War back to stage with policy makers around the world seeking better lower exchange rate to spur growth , which may hit the market for short-run trading zone Dollar Index U.S dollar Index managed to jump above 85.70 which giving way now to establish another bullish trend to attack 88.70 and 89.70 resistance levels market managed to obtain drop correction where managed to test 85.00 support zone as long as market holding trades above 84.85 will expect market to sustain uptrend , while below 84.85 market may add more drop correction toward 83.85 support zone
Posted on: Mon, 13 Oct 2014 14:25:46 +0000
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