Wednesday, May 9, 2007

Dollar holds post-Fed gains, Aussie jumps on data

(Reuters) - The dollar was steady against the yen and euro on Thursday, holding on to gains made after the Federal Reserve kept benchmark U.S. interest rates steady and said its main worry was that inflation would fail to moderate.

While the Fed's statement after its meeting on Wednesday was mostly in line with expectations, it doused speculation that it might cut interest rates more than once this year.


Read more at Reuters Africa

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