Bens Last Hurrah?
After Tuesday’s meeting - The next scheduled FOMC meeting is January 28, will there be a new Fed Chairman at the helm, or will Bernanke be held over? Will there be any more rate cuts available at that time? There are expectations that rates could be lowered to 0.25% - making the US rates even lower than Japan.
The Dollar Continues to Give Up Ground
AUD-USD 30 Minute Chart (Click to Enlarge)
Continuing Up Trend Channel
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