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Mighty greenback losing its lustre

Posted on 08 March 2011

From Ctv.ca: Currency traders are betting on a lower U.S. dollar as interest rates in other leading economies look set to rise while the Federal Reserve stands pat, a glimpse of what could become a more enduring shift as market faith in the greenback slowly ebbs away.
When European Central Bank president Jean-Claude Trichet all but said last Thursday that he plans to raise interest rates in April to keep inflation in the 17-country euro zone from accelerating, a big gap opened up in expectations for monetary policy……………………………………….Full Article: Source


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