Precious Metals & The Fed
November 19, 2007
Is the Fed flooding Dollar liquidity to spur economic recession?
Financial Times, by Peter Garnham in Precious Metals & The Fed
Categories
Currency Devaluation
Diversification
Inflation
Price / Value
The Fed
Deficits / Debt
Dollar
Oil / War / Economy
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"Dollar hit by fresh weakness
The dollar fell to a twelve-year low against the Swiss franc and lost ground against the yen on Monday as fears over the health of the US economy continued to undermine the currency.
Analysts said weak US data on Friday had helped to cement expectations of further interest rate cuts from the Federal Reserve.
'The tone remains essentially dollar negative and is likely to remain so as long as the Fed is perceived to be in an easing cycle,' said Adrian Schmidt at RBS."
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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