Is the Fed flooding Dollar liquidity to spur economic recession?
*Financial Times, by Peter Garnham, November 19, 2007
“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.”
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