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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.21+1.9%4:00 PM EST
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To: THE ANT who wrote (112893)8/10/2015 1:07:20 PM
From: elmatador  Read Replies (1) of 219261
 
whims of the Federal Reserve:.Indonesia wants the FED to hurry up and raise interest rates because uncertainty over when it will tighten has created downward pressure on the rupiah, the country's chief economics minister said. Sofyan Djalil, coordinating minister for economics, told Reuters that he did not see the rupiah dropping when the U.S. tightening does come because the move has been built into market expectations, and in fact the currency is now undervalued.

The Federal Reserve has kept rates at a near-zero level since December 2008 as part of its effort to spur the recovery from the 2007-2009 financial crisis.
cnbc.com
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