FRE & FNM Being Taken Out By Fed: Dollar Effect

Discussion in 'Forex Trading' started by cstfx, Sep 5, 2008.

  1. cstfx

    cstfx

    According to news item after hours, Fed is taken over FRE and FNM before Monday, shades of Bear.

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=135621

    How bad an effect on USD come Monday?

    As reference, USDX hit all time low during Bear fiasco. It's beeen on an incredible run of late, its bound to give back some of it:

    [​IMG]