ECB and Bank of England holds rate while shifting bias towards a stronger dollar – US Fed agrees
Sam Adelton
May 8, 2008

For the first time in the last several decades, US Fed, ECB and Bank of England are determined to see a rising dollar. That will being oil price down and avoid a major recession in Europe. The ceiling for Euro set by the central banks is $1.60. They are doing everything behind the scene to bring Euro down to $1.30 level.

The economy is Eurozone is slowing down. Eurozone interest rates have been left unchanged as the European Central Bank keeps up its battle against inflation. But in reality the Ecb is seriously concerned about weak dollar.

In addition, Eurozone inflation eased to 3.3 per cent in April, from 3.6 per cent in March, but remains well above the ECB’s goal of an annual rate of 2 per cent.

ECB and bank of England ion the next several months will lower artes substantially. At the same time US Federal Reserve will keep rate at the same level. All central banks will inject preferential liquidity to influence higher dollar.

ECB and Bank of England holds rate while shifting bias towards a stronger dollar – US Fed agrees
Sam Adelton
ECB and bank of England ion the next several months will lower artes substantially. At the same time US Federal Reserve will keep rate at the same level. All central banks will inject preferential liquidity to influence higher dollar.
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Asian governments plan to discard international Monetary Fund by creating a $80 billion pool in case of emergency
Media Release
Finance ministers from 13 Asian nations agreed to create a pool at least $80 billion in foreign- exchange reserves to be tapped by nations in case they need to protect currencies.
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US economic downturn decelerating as trade balance stabilizes – bullish for US Dollar
Sam Adelton
At the same time, the data will show that the US trade balance has stabilized and is actually improving. All this is bullish for US Dollar.
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Democratic party super delegates moves stealthily towards Obama – Illinois Senator is the nominee
Hrithik Ratnagar
The super delegate count is slowly moving towards that magic number required to make Obama the nominee. Secretly many super delegates have tilted towards the Illinois Senator recently.
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Fed cut rates but indicates reversal of fiscal policies – bullish for dollar and bearish for gold
Kirsten McLauren
The Federal Reserve cut interest rates by a quarter percentage point to 2 per cent on Wednesday and signalled its preference to pause at its next meeting in June.
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European union predicts stagflation – what is the effect on euro and dollar?
Teddy Carlos
European Union says Europe was far from a recession, even as it noted that global trade is slowing markedly and the U.S. is on the brink of a major recession that would hurt exporters.
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OPEC dreams $200 oil but the crude futures are headed for $60 a barrel
Tania Saleem
But in reality technical, analytic and quantitative models all show oil is now at the top and is headed for climactic drop below $60 a barrel.
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