Forex Commentaries and Forecasts
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Fed to raise the interest rates at the end of 2008
Sun, Jun 1 2008, 08:25 GMT
by Peter Mill
Forex Trading Signals and Daily Strategy
Live Forex, Stock, CFD, Gold and Crude Oil signals by World-Signals.com.The dollar recovered against the euro and yen after the positive news for the world biggest economy. The traders predict that the situation of U.S. economy will allow to the Federal Reserve to raise the interest rates at the end of 2008. The high inflation caused by the high oil prices will stop the Fed with the interest rates cut. The forecast of George Marshal Forex analyzer in World-Signals.com is that Fed will raise the key benchmark interest rates with quarter percent in September, October 2008. The dollar was stopped with the recovery at 1.5462. It is necessary more evidences to continue with the recovery of the dollar said George Marshal. He also set his forecast that EURUSD trading level is 2008 is above the level of 1.48.
Published on Sun, Jun 1 2008, 08:26 GMT
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