Forex Market Updates & Commentary

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• Fed’s Plosser on the Wires
• Fitch Has No Plans to Downgrade Spain
• IMF Issues Statements on Euro Crisis

Fed’s Plosser on the Wires Posted: 02 Dec 2011 09:22 AM PST Says: Rate path would allow FOMC to communicate more clearly Fed should publish path of interest rates ‘not privy’ to discussion on swap rate cuts ‘Labor market is in fact healing’ Labor market ‘not as dire’ as many feared Economy continuing at ‘moderate slog’ No ‘magic bullet’ for Europe ‘No evidence’ U.S. firms have funding problems

Fitch Has No Plans to Downgrade Spain Posted: 02 Dec 2011 08:34 AM PST

IMF Issues Statements on Euro Crisis Posted: 02 Dec 2011 08:33 AM PST Says: IMF says it will need ‘more resources’ if Euro crisis worsens Bilateral loans would come from members central banks

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