(11/3) Trading the News: FOMC Interest Rate Decision

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(11/3) Trading the News: FOMC Interest Rate Decision

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11-03-2009, 02:43 PM

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(11/3) Trading the News: FOMC Interest Rate Decision

Trading the News: FOMC Interest Rate Decision

What's Expected
Time of release: 11/04/2009 19:15 GMT, 14:15 EST
Primary Pair Impact : EURUSD
Expected: 0.25%
Previous: 0.25%

The U.S. Federal Open Market Committee is widely expected to hold the benchmark interest rate at 0.25% in November and is likely to maintain its $1.45T asset purchase program to encourage a sustainable recovery, and long-term expectations for higher borrowing costs could drive demands for the dollar as the world's largest economy emerging from the worst recession since the Great Depression.

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