The dollar still breathing
February 24th, 2010
The U.S. currency and bra found relief after the Fed meeting, which decided to keep benchmark interest rates by 0.25%, but where he also met other information that brought some relief to the foreign exchange markets.
Reliance on the dollar fed on the Moody's decision to keep America's AAA rating, cooling fears of a possible loss of rating, provided that moderate the U.S. deficit.
Moreover, as the Fed U.S. economy has symptoms apparently reflecting some recovery. The macroeconomic data, but do not meet market estimates, exceed the estimates of experts.
Furthermore, a point that no one misses: although investor confidence in the dollar is in the doldrums, they know that the U.S. will be the
first out of the crisis.
Tags: AAA rating, the dollar, U.S. economy