FX Radio: US Dollar Plummets, Euro Rallies on Fast-Changing Interest Rate Differentials - Further EURUSD Rallies in Store?

Published January 11th, 2008 - 03:06 GMT
Al Bawaba
Al Bawaba


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Key Points

· US Dollar tanks while euro surges on Fed and ECB commentary

· Dollar loses further on Dow Jones Industrial Average, Carry Trade rally

· Futures traders now price in a 90 percent chance of a Federal Reserve interest rate cut

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