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The Dollar Goes Lower AGAIN!!!!

By
Real Estate Agent with Town Residential
 The dollar fell against the yen and the euro in Asia Monday over the speculation that gloomy economic conditions in the U.S. will prompt the Federal Reserve to drop interest rates next week.

The dollar was trading at 102.00 yen midafternoon Monday, down from 103.09 yen late Friday in New York. The euro rose to $1.5382 from $1.5335

Traders said expectations are growing that the Federal Reserve would cut interest rates by as much as 75 basis points to 2.25% at its policy planners' next meeting March 18

 Hold on boys and girls, this is going to be a wild ride!!!!

Comments(3)

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Lu Kalaj
Vision Realty Centers - Brighton Township, MI
Yes, indeed.   Our dollar drop, will affect the US, tremendously.  You can just feel it.  thanks for sharing.  Lu
Mar 10, 2008 02:10 AM
Scott Guay
Berkshire Hathaway Home Services PenFed Realty - Ocean Pines, MD
Associate Broker. Ocean City and Ocean Pines MD
I just wish the Fed would just reduce to a level they think will do the job and stop all this - one more, one more.
Mar 10, 2008 02:20 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
Every Fed cut lowers our dollar.  It's too bad that they can't figure it out. Bernanke just said what they've been doing isn't working.  Go figure.  Now what?  they don't even know.
Mar 10, 2008 02:30 AM