US Dollar cheaper ahead of Fed decision
28 July, 2011
CurrencyIndex
Rates for sending US Dollars have improved again in the last 24 hours, ahead of tonight’s Federal Reserve decision on Quantitative Easing. Analysts are expecting more money to be pumped into the US economy, which is making the dollar cheaper.
Tonight’s decision at 6.15pm is likely to cause strong volatility in the USD rate.
This morning’s UK PMI services data showed good growth in the UK’s services sector, which has also injected some sterling strength across the board.
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