The much anticipated FED decision became a history, with not much in terms of surprises. Largely as expected, the benchmark short term interest rates were left unchanged, at 0.25%. Also, just like mentioned yesterday, the FED announced a new round of quantitative easing. On the surface this move seems to be a modest one,  using [...]

The Dollars from the antipodes made news over last couple of days. Well, they seem to be getting attention almost every day, but this time it was a little different. Both of the Australian Dollar and the New Zealand Dollar went through some pains, and, at least officially, for apparently unrelated reasons. The Aussie got [...]

After much delay, the Treasury Department has finally released its report on world currencies. It was originally scheduled for disclosure to congress on April 15, but secretary Geithner decided to withhold it, until after number of high level talks with Chinese officials. Many w0ndered what explosive findings were in it, since it was handled with [...]