Archive for June, 2007
Federal Reserve held interest rates steady as expected
Posted on30. Jun, 2007 by admin.
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The Dollar rose against the Euro on Thursday after the Federal Reserve, which held interest rates steady as expected, reiterated concerns about lingering price pressures in the US economy. The Fed dropped from its policy statement a description of core inflation as “elevated”. But it also said its main concern was that inflation might fail [...]
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Indian Rupee Surges Unexpectedly
Posted on30. Jun, 2007 by admin.
The Indian Rupee has been tightly controlled by the country’s Central Bank, which has not allowed the currency to fluctuate much. A few months ago, however, the Rupee suddenly and rapidly began appreciating against all of the world’s major currencies. Now, the Rupee stands at a 9-year high against the USD. It [...]
