FED cut the rate Half a % and the dollar is still going up. - GoFuckYourself.com

pornguy · 10-08-2008, 05:27 AM

Can someone explain how???

The exchange here in Mexico was 1:9.88 a few weeks ago, and toady it has hit 1:12.97

Thats a HUGE change. Dont get me wrong it makes me happy as hell, but still.

Paul Markham · 10-08-2008, 05:49 AM

Quote:

Originally Posted by pornguy

Can someone explain how???

The exchange here in Mexico was 1:9.88 a few weeks ago, and toady it has hit 1:12.97

Thats a HUGE change. Dont get me wrong it makes me happy as hell, but still.

Because the money markets can see that cutting the rate is going to bring some relief and maybe even investment? Only a guess.

Dollar is up here to.

Or maybe Bush has turned off the $$$ printing machine. LOL

Michael O · 10-08-2008, 05:50 AM

ECB and other banks also cute their rates.

Myst · 10-08-2008, 07:00 AM

because everyone cut rates

IllTestYourGirls · 10-08-2008, 07:01 AM

There is going to be a global rate cut in hopes to prop up the dollar while bringing down other currencies. I doubt it will work for long.

spacedog · 10-08-2008, 07:22 AM

Argentina and Brazil just dropped the dollar from their bilateral trade

Mr. Cool Ice · 10-08-2008, 08:09 AM

It's all being done to prop up the dollar. It's a temp fix and is going to spin around.

iseeyou · 10-08-2008, 09:17 AM

The dollar is priced in oil. And oil is falling.

When the price of oil increases, usd will decrease.

10-08-2008, 05:27 AM	#1
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	FED cut the rate Half a % and the dollar is still going up. Can someone explain how??? The exchange here in Mexico was 1:9.88 a few weeks ago, and toady it has hit 1:12.97 Thats a HUGE change. Dont get me wrong it makes me happy as hell, but still. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

10-08-2008, 05:50 AM	#3
Michael O More Cowbell Industry Role: Join Date: Jul 2001 Location: Nakhom Nowhere Posts: 10,607	ECB and other banks also cute their rates. __________________ Truth Teller

10-08-2008, 07:00 AM	#4
Myst Confirmed User Join Date: Feb 2004 Location: Alberta, Canada Posts: 4,707	because everyone cut rates __________________ ICQ: 298-523-037

10-08-2008, 07:01 AM	#5
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	There is going to be a global rate cut in hopes to prop up the dollar while bringing down other currencies. I doubt it will work for long. __________________

10-08-2008, 07:22 AM	#6
spacedog Yes that IS me. Bitch. Industry Role: Join Date: Nov 2001 Posts: 14,149	Argentina and Brazil just dropped the dollar from their bilateral trade

10-08-2008, 08:09 AM	#7
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	It's all being done to prop up the dollar. It's a temp fix and is going to spin around.

10-08-2008, 09:17 AM	#8
iseeyou So Fucking Banned Join Date: Feb 2006 Posts: 306	The dollar is priced in oil. And oil is falling. When the price of oil increases, usd will decrease.