Mr. G

How Bad Is the Dollar's Fall?

I think the most recent rise in the dollar (five cents against the euro) was FED action. This is the first time they lowered the rate with out increasing the money supply. Typically,lowering the rate makes the dollar weaker against the euro based on interest rate preference,but the move was counterintuitive. I can see nothing in the near future that supports the dollar and I expect it to retrace lower considering the fundamentals coming down the pike.