26 June 2008
Oops! Missed this on Economic Update
It looks like the foreign currency markets thought the Fed was not aggressive enough regarding rate hikes, since the dollar is down against the Euro.
Not surprising, since the ECB, the Fed's counterpart, is already raising rates, and has signaled that it will continue to do so.
Not surprising, since the ECB, the Fed's counterpart, is already raising rates, and has signaled that it will continue to do so.
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