Market Reviews, Forex News, The Fed keeps its printing presses on, will the dollar continue its decline?

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pierreapienaar
By pierreapienaar on Thu, Oct 31, 2013 - 10:00am

The Fed keeps its printing presses on but will the dollar continue its decline?

The news that the Federal Reserve left its policy unchanged during its 2-day meeting on October 29-30, was in line with market expectations.

 

The Fed’s overall assessment is that since September, incoming information “generally suggests that economic activity has continued to expand at a moderate pace”.  In addition, both developments in the labor market as well as on inflation, were seen in a positive manner by the Fed.