Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (5353)	6/26/2001 9:52:01 AM
From: Ilaine	Read Replies (1) of 74559

>>Dollar seen weakening if Fed eases policy By Jennifer Hughes in London Published: June 26 2001 11:58GMT \| Last Updated: June 26 2001 12:49GMT Currency markets look set to take the dollar lower against the euro and sterling if the Federal Reserve, as expected, lowers US interest rates further when it concludes its meeting on Wednesday. The Fed, which has cut rates five times this year by a total of 250 basis points, begins its two-day meeting on Tuesday and the expectations are for an easing of at least 25 basis points. "It looks biased to the downside for the dollar whatever happens," said Chris Furness, senior currencies strategist at 4cast consultancy in London. "Most people seem to think the euro is going to firm." << news.ft.com

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