Forex Radio: US Dollar Plummets on Fed Cut, Canadian Dollar Stable Despite Bank of Canada Move

Published January 23rd, 2008 - 02:26 GMT
Al Bawaba
Al Bawaba


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http://media.dailyfx.com/podcasts/FXRadioPM012208.mp3

Key Points

· US Federal Reserve Rate Cut Sinks Dollar, US Dollar Outlook remains dim

· Bank of Canada Rate Cut is not enough to sink Canadian Dollar. Can it recover against the Greenback?

· Will Reserve Bank of New Zealand and other central banks follow suit?

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