Goldman Sachs and Bank of America tells Fed is likely to keep rate low until 2015

Note: This section contains information in English only.
Source: Bloomberg
Lower-than-expected number of new jobs in June will force the Federal Reserve System to hold its benchmark interest rate close to zero till the second half of 2015, said Goldman Sachs Group Inc. and Bank of America Corp., two of the 21 biggest central bank's dealers. According to Goldman Sachs' chief economist, Jan Hatzius, Fed's earlier commitment to keep the rate unchanged until 2014 has not given any tangible results so far and should be revised.
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Mon, 09 Jul 2012 17:46:51 GMT

Silver plunged on strong greenback

Precious metals dropped on Friday after rising in the beginning of the week ahead of the ECB key interest rate decision. However, profit booking after benchmark interest rate cut sent the commodity pack lower.Gold was pressured by strengthening US Dollar and fading stimulus from more accommodative policies of the ECB and PBoC. Silver slipped on volatile world's equities. Moreover, analysts

Mon, 09 Jul 2012 09:52:53 GMT

Euro slupmed against the US Dollar to a two-year low

The Euro has lost in value against the greenback, trading at USD 1.23 on Friday and depreciating by 0.9%. On July 5 the ECB lowered the interest rates to 0.75% and there has been a relatively few new jobs created in June in the U.S.A. - only 80K, thus spurring demand for a safe haven currency.

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