Fed: S&P downgrade doesn't affect discount window | Forex Factory

  • Fed: S&P downgrade doesn't affect discount window

    From reuters.com

    A Federal Reserve spokesperson said on Friday that Standard & Poor's ratings downgrade of U.S. debt does not affect the operation of the Fed's emergency lending window or its buying and selling of Treasury securities to conduct monetary policy. "The decision by Standard and Poor's has no implications for the operation of the Federal Reserve's discount window or the conduct of open market operations," a Fed spokesperson said.

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torkay77
Aug 6, 2011 6:27am
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EUR is in a downtrend itself... i doubt it goes much higher than 1.43.. so what's the best currency to trade right now?...yen is threatened by intervention, gold seems overbought, silver behaves weired like usual, shorting swissie is getting more risky too... so i guess aussie and kiwi might offer the best opportunities right now...
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Loadedgun
Aug 6, 2011 9:37am
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LOL @ torkay77 look again at the Eur. Without offering a prediction the key 4, 24 and 168 hr charts are all in up trending channels only the 720 is in a down channel. Good to keep in mind as events unfold. Also if you noticed (probably on the rumor) very, very late Friday the feed aligned and powered up for a jump in the 4 hr. Could be wrong but you never know with the forex - still signs are signs.
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Yao
Aug 6, 2011 3:14am
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so nothing will change with the downgrade? so what will happen to eurusd on monday. I really have no idea.
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