Dollar Strengthened in Wake of Late Wednesday’s Surprise Fed Discount Rate Hike
February 19, 2010
At 19:30 GMT yesterday after U.S. markets had closed, the Fed announced a 25-basis point increase in its discount rate to 0.75%. The FOMC minutes this week had served notice that such a move could occur soon and would not be meant as a signal of tightening monetary policy but rather another part of an [...]
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