Thursday, April 28, 2011

Statement by the Fed sent the dollar lower

Although the focus was centered on the historical events that occurred later, the statement the Fed still had its usual effect for the markets, attracting the attention of investors worldwide. Those who were selling the dollar, stressed that the situation makes "most likely to maintain extremely low levels of the federal funds rate for a long time. " This is a key element of the impact of the Fed not only on short-term interest rates, but further along the yield curve, thus maintaining a low cost of borrowing for businesses and mortgages. So, at least for now prepared the ground for the continuation of the dollar's decline.

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