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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (63268)1/30/2001 5:36:52 PM
From: NOW  Read Replies (3) of 436258
 
Dollar Falls After Report of Tumbling U.S. Consumer Confidence

Here is a good one:
``The whole point to the dollar's sell-off here'' is concern U.S. growth may trail Europe's in coming months, said Mark Thome, a vice president of foreign exchange at Fortis USA Financial Markets. Nonetheless, Thome expects the dollar's losses to be short-lived, and foresees a boost for the currency if the Federal Reserve cuts interest rates tomorrow as projected. "
quote.bloomberg.com
I see, it fell today because the rate cut was not expected?
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