Fed rate cuts have hurt dollar versus euro - OECD

FRANCE - Aggressive interest rate reductions this year by the U.S. Federal Reserve were a factor in the dollar's decline against the euro during the summer, the Organization for Economic Cooperation and Development said Monday.

"One of the factors driving foreign-exchange markets has been interest rate developments," the OECD said in its September issue of Financial Market Trends released Monday. "The shifts in interest (rate) differentials that was triggered by eight cuts in U.S. official

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: