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Re: [amibroker] OT: Fed to cut rates below 1% soon ?



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yes that's what they say.  The currencies with risk are now the high 
yielding currencies because they have still to fall. Also as I understand 
high leveraged traders in USD based commidities, futures etc. are getting 
margin calls and have to get their funds back into USD. Whatever the reason 
I am very happy because I am have my money in $$. Will switch to euros 
hopefully at parity.

With the US being a net importer of goods it is hard to believe this dollar 
strength has any basis but the momentum is to the upside now. Dump it to 
parity please :)  At 1.6 I was getting a little worried.  EURUSD = 1.2671 
now. parity next week?

rgds,Ed



----- Original Message ----- 
From: "Tomasz Janeczko" <groups@xxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, October 24, 2008 9:03 AM
Subject: [amibroker] OT: Fed to cut rates below 1% soon ?


> Hello,
>
> Did you see this daily effective FED rate chart:
> http://www.newyorkfed.org/charts/ff/
>
> Usually effective rate follows closely target rate (currently at 1.5%)
>
> In recent days effective FED rate dropped below 1%.
>
> It looks to me that FED is going to be walking in footsteps of Japan 
> central bank in '90s.
>
> Now EBC funds still at 3.75% ?  They are going to cut fast, much faster 
> than FED, IMHO.
> If situation evolves in that direction we are going to see EURUSD = 1.0 
> soon
> and probably Japanese Yen remaining the strongest currency for months to 
> come.
>
> Any thoughts?
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
>
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