The Smart Currency Exchange Weekly Exchange Rate Update – 20th of January 2011
Smart Currency Exchange weekly update for the week of 20th of January 2011 Exchange rates
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Smart Currency Exchange weekly update for the week of 20th of January 2011 Exchange rates
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One of the strongest signs yet on whether the Fed will do more to push down US interest rates arrives this week in the form of the government’s jobs report for September. In order to quell talk of further Fed action, the nation’s unemployment rate must come significantly down from near double-digits, a key reason holding back the recovery. The ECB meets this week and is forecast to leave its key interest rate unchanged at 1.0%. Still, investors will keep an ear on the central bank president’s post-meeting news conference for clues on the outlook for the bloc’s economy and monetary policy.
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