go long euro, page-19

Rawk, from a thread on the main board...

"The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank says it reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October"

Thanks to poster Fatstocks for that


Reckon that's gotta hurt the USDollar big time

;)