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Daily Video Recap: Risk Appetite on Greece, FOMC Holds to “Extended Period” Language

Featured \ Nick Nasad \ 3:40 PM EST \ March 16th, 2010
nnasad

Today’s trading saw the greenback slide against the Euro, Pound and higher-yielders as there was some optimism around Greece as European finance ministers pledged to help if its austerity measures fail. Most of the rally occurred prior to the FOMC announcement, but the greenback was slightly weaker after the Fed as well as the Fed reaffirmed its commitment to keeping rates low for an extended period, while upgrading its assessment of the economy.

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