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As you all probably know already, the Swiss National Bank (country’s central bank) has pegged the Swiss franc’s Forex rate to the euro at about 1.20. The Swiss financial authorities got tired with their inability to weaken the currency using less drastic measures (classical currency interventions) and have just …

EUR/USD currency pair is growing for the second day in a row today after the Federal Reserve and the major central banks cut the interest rates to provide additional help to the tumbling markets. Fed cut the interest rate from 2% to 1.5%, Bank of England — from 5% to 4.5%, …

Today the European Central Bank decided to leave the interest rate unchanged at 4.00%, as it was expected by the markets. But the EUR/USD went up after the decision became known — the currency pair gained more than 70 pips. What has caused that? Along with the rate decision ECB …

I’ve added links to four main national banks to the sidebar links menu. Thought it might be useful to get the information from such important institutions. Here are the links:
Federal Reserve System — for the United States of Amerca
ECB: European Central Bank - for the Eurpean Union
Bank of England…