Quote:
Originally Posted by vendot
Is this why the dollar strengthened in the last 2 days?
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Think it was more related to changes in credit fears - there is a problem over the levels of credit within the US and gloomy news and unpredictabily over the mortgage market and a predicted reduction of performance by US retailers.
The Fed Reserve injected $38 bill into the banking system in the last few days to keep liquidity - this was the highest amount since Sept 11th.