The US Dollar fell against the Euro and Sterling yesterday as Forex traders and investors gained confidence which translated into an increased risk appetite as the US government moved to shore up the economy. Yesterday, the Bank of Japan left interest rates at near zero announcing that they will use all tools at their disposal to continue fighting the economic downturn – with near zero interest rates they have no tools left. The US Federal Reserve declared yesterday that the economy has indeed worsened and it could get worse still, although the bright spot is it will do so at a slower pace – that’s refreshing to all of us, not.

What are your views??