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View Full Version : Is This for real? Dollar Surge



Give me liberty
03-18-2008, 07:17 PM
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3TkS7842iYg&refer=home

A Dollar Surge for how long :rolleyes:

Make your bets.
billyjoeallen
03-18-2008, 07:23 PM
this is a good gold buying/ dollar shorting opportunity.

everytime the fed has intervened (like today) the market responds favorably for one day and then strats to drop again. I doubt this time will be different.
AJ Antimony
03-18-2008, 08:09 PM
Doesn't matter. Interest rates were lowered so the dollar will keep falling.
Opulen
03-18-2008, 08:13 PM
The US Federal Reserve (Fed) cut today its federal funds rate by a quarter of a percentage point, giving a boost to US stock markets.
Paulitician
03-18-2008, 08:14 PM
The same thing happened last Monday. The next day all the things that were up, like the dollar, were down. Anyway, I expected this rally, and I expect that in a week's time we'll forget about this.
OptionsTrader
03-18-2008, 08:19 PM
The US Federal Reserve (Fed) cut today its federal funds rate by a quarter of a percentage point, giving a boost to US stock markets.

You meant to say 3/4 of a percentage point. The fed funds target was decreased from 3% to 2.25%

http://www.federalreserve.gov/fomc/fundsrate.htm
Opulen
03-18-2008, 08:30 PM
You meant to say 3/4 of a percentage point. The fed funds target was decreased from 3% to 2.25%

http://www.federalreserve.gov/fomc/fundsrate.htm

by 0.75 point

The federal funds rate — the interest that banks charge each other — is now down to 2.25%, the lowest point since late 2004.
Yom
03-18-2008, 09:17 PM
by 0.75 point

The federal funds rate — the interest that banks charge each other — is now down to 2.25%, the lowest point since late 2004.

Actually, the traditional way of saying it would be that the Fed funds rate was reduced by 75 points/basis points (1 point = 0.01%).