bigbernardo

US Dollar: 5 Reasons It Will Not Hit a New Low

Interesting comments...I agree with SWRichmond. Bernanke has very little space to maneuvre interest rates. Taking them up would significantly hurt the consumer economy while causing mass pain to the banks and crushing the real estate market. Trichet has a slightly more robust consumer economy and could stand to raise rates, however this would sink Euro exports and I think he's not looking to do that anytime soon...My guess is rangebound trading for EURxUSD for the summer.