Feedback Form
32 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Why the Swap Cut Rally Will Likely Be Short Lived

posted by Avatar forexcrunch 167 days ago in USD, EUR made popular 167 days ago

The Federal Reserve and the ECB, together with 4 other central banks, decided to lower rates on dollar swaps by 50 basis points. As mentioned in recent days, the euro/dollar swap has reached levels last seen in 2008.

This coordinated action had a strong impact on currencies, and sent EUR/USD back to the range seen last week. This range lasted unti
Log in to comment or register here.