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After Freaky Friday, Stock and Forex Markets Eye Upcoming FOMC Meeting
Posted on June 22, 2008
Another week has passed, and the sentiment in the financial markets has changed again. In the forex markets, the US dollar fell against other currencies like the Euro, and in the US stock markets, the Dow and S&P 500 had another strong downward spiral Friday. One of the events that s got traders talking about and reacting to is next week s US Federal Open Market Committee (FOMC) meeting. Poor US manufacturing data has led traders to scale back their expectations of a rate hike by the Fed soon, and for next week s rate-setting meeting, investors are expecting the Fed to keep the benchmark...
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