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Subject: Re: Dollar at record low against euro Posted on: Thu, 13 Sep 2007 14:34:06 +0100

James Silverton wrote:
>
> Dollar at record low against euro
>>>
>>> Analysts are predicting that the euro will be on top for some time
>>> The US dollar has fallen to a record low against the euro as investors
>>> bet that the Federal Reserve will cut interest rates to help the
>>> economy.
>>>
>>> At its nadir in European trading, it took $1.3914 to buy a euro,
>>> passing the last record of $1.3852 set on 24 July.
>>>
> I wonder if Dubya has noticed what European opinion is of his screwing
> up the economy?
>
Not necessarily a connection. The Fed has historically followed a policy
of "benign neglect" as far as the dollar rate is concerned. After all, a
low currency is excellent for exports.