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.

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

ECB and other banks also cute their rates.

because everyone cut rates

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.

Argentina and Brazil just dropped the dollar from their bilateral trade

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

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

When the price of oil increases, usd will decrease.