The USD is under real pressure now; and as it continues to fall, it erodes the value of Forex Reserves of Central banks around the world, as also the purchasing power of oil producing nations that receive US Dollars for their OIL.
Thursday, February 28, 2008
THE SLIDING USD
The market is expecting the FED to cut rates by 50 basis points when it next meets.
The USD is under real pressure now; and as it continues to fall, it erodes the value of Forex Reserves of Central banks around the world, as also the purchasing power of oil producing nations that receive US Dollars for their OIL.
The USD is under real pressure now; and as it continues to fall, it erodes the value of Forex Reserves of Central banks around the world, as also the purchasing power of oil producing nations that receive US Dollars for their OIL.
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