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As US interest rates showed dramatic changes, dollar hit a mark of its best week in 3 years rallying 5 figures in 5 days. This was a remarkable change from the Fed Chairman who put most of his energy into the improvement of the negative economic effects of the housing bust and the credit crunch by lowering rates from 5.25% to 2.00%.
Apparently, Fed now felt that inflation was a bigger problem than growth for the US economy.”
08:22
Posted on Jun-16-2008
