If the fed cuts rates on the 31st look for dollar to tank

Comments

• coinkat Posts: 23,845 ✭✭✭✭✭

  October 29, 2007 1:39AM

  I think it is possible a rate cut has been factored into the current trading...

  Experience the World through Numismatics...it's more than you can imagine.

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• ziggy29 Posts: 18,668 ✭✭✭

  October 29, 2007 1:40AM

  I actually think a 1/4 point cut might boost the dollar, but a 1/2 point cut would tank it. I think at least a 1/4 point cut is already priced into the markets.

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• ttown Posts: 4,472 ✭✭✭

  October 29, 2007 1:57AM

  
  
  << <i>I actually think a 1/4 point cut might boost the dollar, but a 1/2 point cut would tank it. I think at least a 1/4 point cut is already priced into the markets. >>
  
  
  
  
  Until they can bring overseas investors back into the tresuary market the dollar will continue to tank. I feel they cut it a half point (over cut) so they could raise it by a quarter this year. In election years the Fed doesn't like to mess with the elections too much.

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