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Is the Dollar the New Yen? -- IFCN Wk 54 –Mon- Equity: $1,970.53

The euro traded near 9 week highs against the dollar on the belief that the Federal Reserve will cut the target rate for overnight lending to a record lows. If the Fed keeps lowering interest it will make virtually every other currency a carry trade against the dollar, similar to the situation that existed with the Japanese Yen for so many years.If this indeed starts turning the other currencies
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