Forex in 60 Seconds - The Fed And RBA Deliver Rate Decisions With Very Different Results

Published August 6th, 2008 - 02:15 GMT
Al Bawaba
Al Bawaba



 
·          The FOMC fails to suprise by leaving rates unchanged and keeping the rhetoric balance between upside risks to inflation and downside concerns for growth.
 ·         Despite its release during relatively inactive hours and no change to the benchmark rate, the RBA decision leads to a more than 150 point drop in AUDUSD.

Stories to watch on DailyFX

·          Read up on the outcome of the FOMC rate decision in Antonio Sousa's wrap up.
·          What pairs are DailyFX analysts following? Keep track with our daily updated Analyst Picks.

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