longflyball
02-28-2008, 12:28 AM
Ben Bernanke is making an unauthorized withdrawal from my savings account!
The dollar fell to a fresh record low against the euro on Wednesday as Ben Bernanke signalled that the Federal Reserve is likely to cut interest rates again next month.
The single European currency breached $1.51 after the Fed chairman made it clear that the US central bank remained firmly focused on the risks to growth, in spite of some increase in inflation risk following a run of bad price reports.
The Financial Times (http://www.ft.com/cms/s/0/85eeb76a-e546-11dc-9334-0000779fd2ac.html)
The dollar fell to a fresh record low against the euro on Wednesday as Ben Bernanke signalled that the Federal Reserve is likely to cut interest rates again next month.
The single European currency breached $1.51 after the Fed chairman made it clear that the US central bank remained firmly focused on the risks to growth, in spite of some increase in inflation risk following a run of bad price reports.
The Financial Times (http://www.ft.com/cms/s/0/85eeb76a-e546-11dc-9334-0000779fd2ac.html)