Is The Dollar Rally Done?
August 20, 2007 – 10:54 amOn Friday just before the opening US stock market trading the Fed announced a 50 basis point cut in the discount rate. The discount rate is the rate Fed charges to other banks and is nearly always higher than the far better known Fed funds rate which is the rate banks charge each other for overnight loans.
$ Dollar Rally Done As Fed Yields To Pressure?
€ Euro - At The Whim Of EURJPY
¥ Japanese Yen Remains Reliant On Risk Aversion
₤ British Pound Hammered By Risk Flows, Data And Rate Outlook
₣ Will The Carry Trade Unwind Work Against Swissie?
C$ Canadian Dollar Loses Traction on Carry Shakeout
AU$ Australian Dollar Plummets, RBA Puts Reserves Into Action
NZ$ Carry Trade Decimates the Kiwi, Can it Come Back?
Source: Daily FX
