Dollar hit record high

Discussion in 'Forex Trading' started by tradebenz, Oct 11, 2006.

  1. The Dollar is getting its pace back against Euro and Yen on speculation Fed Reserve will cut interest rates. Fed Reserve released a data which showing improvement in the jobs than previously expected. The Dollar became stronger with “Employment is full” statement.

    The dollar is near the highest this year against the yen and in three months versus the Euro as investors reduce bets on an interest-rate cut.
     

  2. Quit believing every thing you read. The dollar rises with expetations of a rate increase, and falls with expectations of a rate cuts.

    Nothing is making any since in relation to the US dollar as it is being manipulated in the run up into the elections. Here is all you see read and hear from the financial media.

    STOCK MARKETS SOAR! GAS PRICES PLUNGE! US DOLLAR STRONG!

    now go vote for the Republicans.