Thursday, January 18, 2007

How do "Interest-rate future" prices help FX Traders?

1/18/07 This from Bloomberg tonight:

"Zero Chance"
"Interest-rate futures show traders see zero chance the Fed will cut its target overnight lending rate between banks in March, down from a 100 percent likelihood seen last month. The Fed's benchmark is now 5.25 percent. Policy makers next set rates on Jan. 31."


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