Fed can now cut without hurting dollar

Discussion in 'Wall St. News' started by silk, Aug 10, 2007.

  1. silk


    Because subprime slime has spread to Europe and European banking system now in turmoil. ECB having to inject emergency liquidity into the system. This is no longer just a U.S. problem. European banks having more problems than we are this week. The dollar is ,pvomg i[. Dollar not likly to crash against Euro when they cut. The dollar has been drifting up this week as expectations of future rate increases increases.
  2. silk


    Other central banks joining in now. This is global event now.
  3. What is your source for this info?