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Old 29-06-2006, 14:27   #6
bhale
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Re: FOMC June 2006 Meeting - What will the FED do?

Conventional wisdom says that a when a central bank raise interest rates it is bullish for that currency in the forex market, and vice versa when it is lowered. So why is the euro and pound up 100+ pips after Fed raises interest rates. It seems that for the past year or so, no matter what the report and whether it is dollar positive or negative, inititla reaction is bad for the dollar.
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