Federal Reserve Fails to Address Downgrade

Source: ForexYard Federal Reserve Fails to Address Downgrade Statements released by the Federal Reserve yesterday sparked a wave of pessimism in trading circles as no clear plans were put forth to address the financial weakness seen since S&P's historic downgrade of the US credit rating. Economic News USD – USD Value Plummets after Fed Statement The value of the US dollar (USD) versus several of its safe haven counterparts, like the Swiss franc (CHF), plummeted nearly 5% on the day Tuesday, hitting historic lows for the third straight session. Statements released by the Federal Reserve yesterday sparked a wave of pessimism in trading circles as no clear plans were put forth to address the financial weakness seen since . . . → Read More: Federal Reserve Fails to Address Downgrade