{"id":11894,"date":"2010-08-10T17:17:01","date_gmt":"2010-08-10T21:17:01","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11894"},"modified":"2010-08-10T17:17:01","modified_gmt":"2010-08-10T21:17:01","slug":"us-dollar-slips-after-fed-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/10\/us-dollar-slips-after-fed-decision\/","title":{"rendered":"US Dollar Slips After Fed Decision"},"content":{"rendered":"<p>By ForexYard &#8211; The USD lost some ground against its major counterparts Tuesday after  the Federal Reserve left interest rates unchanged, and renewed its  pledge to keep them low for an extended period. The USD is currently  trading lower against the EUR by nearly 80 pips at 1.3195. It is also  trading lower against the GBP and JPY.<\/p>\n<p>As expected, the Fed kept its target for its federal funds rate set  at a range of zero to 0.25%. The decision to reinvest mortgage bond  proceeds, an effort to keep market-set borrowing costs down, represents a  significant policy shift for a central bank that just a few months ago  had been avidly debating an exit strategy from the extraordinary  stimulus delivered during the financial crisis.<\/p>\n<p>Tomorrow, in a day that <a href=\"http:\/\/www.forexyard.com\/\">forex<\/a> traders cannot afford to overlook, a batch of data is expected from the  leading economies. Both the US Trade Balance and Crude Oil Inventories  will be released on the same day, promising an extremely volatile  trading day. Traders should take advantage of this unique opportunity  and use the volatile market in order to capitalize profits.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                            may not be suitable for all          investors.       There    is  a              possibility       that             you   could       sustain a  loss   of  all   of     your                 investment and            therefore  you         should   not       invest        money  that   you            cannot  afford to            lose. You         should    be      aware of      all       the     risks         associated     with     Foreign        Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD lost some ground against its major counterparts Tuesday after the Federal Reserve left interest rates unchanged, and renewed its pledge to keep them low for an extended period&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11894","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11894"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11894\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}