Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sciAticA errAticA who wrote (32728)	4/30/2003 11:26:31 AM
From: sciAticA errAticA	Read Replies (1) of 74559

11:15 ET Dollar crumbles as Greenspan keeps options open : The buck is really breaking down. The Dollar Index (DXY) has broken through support and is looking very vulnerable. Currently sitting at 97.41 and a weekly close below 97.62 would increase the risk that the March/April recovery has failed to produce a bullish reversal. With Greenspan seemingly open to another possible ease in interest rates, the Dollar will likely continue its fall. After all, a 50 basis point cut in Fed Funds puts us in sub-1% territory. Briefing.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next