FOMC Digs in its Heels, Cutting Rates by “Only” 75 Basis PointsThe Federal Reserve moved to cut rates aggressively, bring rates down to 2.25% from 3%. The Dollar gained in a knee jerk reaction as investors believe this move may the Fed is concerned about inflation. The UK and Canada released mixed consumer inflation reports. News Provided by CMS Forex

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Weekly Recap: The Dollar Rebounds as Fed is Busy; Oil and Gold Fall & Carry Trade UnwindsThe Dollar rose this week against the Euro and the commodity bloc of currencies as oil and gold prices tumbled. The Federal Reserve has taken several steps to calm markets the last two weeks which helped boost the stock market. However, carry trade continued to unwind.News Provided by CMS Forex

Forex TV - Scotia Capitals Sutton gives her outlook for the Forex market. The GBP fell versus the USD and reversed earlier gains against the EUR after the minutes of BoEs Dec. 6 rate-setting meeting showed policy makers voted unanimously for an interest-rate cut.

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