Dollar hits new low as Fed signals rate cut
February 27th, 2008 . by adminThe dollar fell to a fresh record low against the euro on Wednesday as Ben Bernanke signalled that the Federal Reserve is likely to cut interest rates again next month. The single European currency breached $1.51 after the Fed chairman made it clear that the US central bank remained firmly focused on the risks to growth.
Thanks, Ben! Those cuts don’t help the consumer, just the banksters!
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