Dollar Goes Down Along with Bailout Plan [View article]
I'm not sure if I'm correct, but say the US market tanks to 8k Dow, the world will more or less than by the same margin unless there is a big uplift. That plays part A of why the dollar will hold or rise against the other currencies.
Then part B will be where other countries which rely on export will try to hold their currency lower than USD, so they are more likely to cut rates if they could against the USD.
I might be wrong, but that's what I think. And it's a gut feeling.
Dollar Goes Down Along with Bailout Plan [View article]
Dollar Goes Down Along with Bailout Plan [View article]
Then part B will be where other countries which rely on export will try to hold their currency lower than USD, so they are more likely to cut rates if they could against the USD.
I might be wrong, but that's what I think. And it's a gut feeling.