Article by Korman Tam of forexnews.com
Central bank policy decisions will dominate the headlines this week particularly given the drastic rate cuts from the FOMC recently. While the Fed has slashed its benchmark lending rate by 125-basis points within the past two weeks to 3.0%, the dollar has not sold off as sharply as would be anticipated given the interest rate gap. Last Friday's dismal non-farm payrolls number, which revealed a loss of 17k jobs - its first since 2003, failed to prompt a sustained sell-off in the greenback. With much of the US economic malaise and additional rate cuts priced into the dollar, traders will focus on the direction of central bank policy moves this week.
Rate Decisions to Drive FX
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