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Fred Mishkin

Fred Mishkin latest

Al Bawaba
January 12th, 2008 - 12:35 GMT

US Dollar Loses Further Support on Fed Talk - Hopelessly Resigned to Further Losses Against Euro?

The US dollar edged marginally higher on the day’s currency trading, but the euro nonetheless finished near its highest levels in two months—showing few signs of slowing its advance against the dollar. Forex traders took the opportunity to take some profits on the euro’s impressive ascent, and currency markets largely ignored further Fed commentary on prospects for the US economy and continued interest rate cuts. Both Boston Federal Reserve President ...
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