The dollar move partly attributed to a Fed Discount Rate hike. Fed does not “comment on rumors”

Written March 18, 2010 at 11:57 AM EST by  

Apparently, the move in the market can be partly attributed to a rumor that the Fed would raise the Discount Rate today (at 12:30 to be precise – is what I am reading).  The Fed has commented that they “do not not comment on Rumors” .  This is now leading to a selloff in the USDJPY and a rise in the EURUSD.

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