RSS« On a comment - Contemptible hypocrisy and the pre-fooled | Morality. Crime. Aide. [edit] [edit ii] »
December 09, 2003
Dollar Bis
Well, news is in from FT.
No interest rate change from the Fed, more importantly no signaling of change in real position vis-a-vis positioning. The dollar is going to seriously slide.
I note from the FT article
They were watching to see if the central bank abandoned its commitment to keeping interest rates low for a "considerable period," a position first staked out at the August FOMC report.
The Fed reiterated its "considerable period" mantra but added that there had been an accumulation of evidence that "output is expanding briskly and the labour market appears to be improving modestly.
Question now, how far, how fast?
JPM had earlier in the day or yesterday advanced a Euro-$1.40 scenario. I think it could happen.
See: Fed leaves US interest rates unchanged
By Christopher Swann in Washington
Published: December 9 2003 19:17
Posted by The Lounsbury at December 9, 2003 10:02 PM
Filed Under:
Jan-Dec 2003
Trackback Pings
TrackBack URL for this entry:
http://www.aqoul.com/movabletype/mt-tb.cgi/1638
