12/17/08 - Daily Forex Market News from cmsfx.com

Dollar Drops Further as Zero-Interest Rate Policy Sinks In
Wednesday, December 17th, 2008
The Dollar was pressured heavily for a second day as the Euro roared to another 400 point swing upward and the Yen hit a 13-year high vs the greenback. The Pound fell in the wake of unemployment data which saw the number of people claiming jobless benefits rise by the biggest level since 1991, and minutes showed a dovish BOE.

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Category:

News & Politics

Tags:

• forex
• trading
• finance
• currencies
• news
• economy
• fx
• foreign
• exchange
• dollar
• euro
• yen
• pound

[odin422]

Bye Bye dollar.

[cmsfx]

Yeah, the decline in the Dollar has been very swift these past couple of days, even before the decision by the Fed. Any luck shorting it?

[odin422]

I hear that Shorting the Long Bond 30year etc, is going to be the biggest trade before the real Bottom.

Be well.