So we just had a 50 basis point decrease... the chatter is all about the Fed not caring about the value of the dollar. Whats your take ?
I think that there might be some truth to it. Seems kinda irresponsible of the Fed to drop the rate by that much. look at what happened.
Euro Pushing 1.4 (~ 80 pips)
GBP lost ~130 pips and ( although this is a retracement from the past few days )
JPY seems very unstable but there not stoopid and know the value of the carry
CHF 50 pips
AUD 150 pips
CAD ~ 100 pips
This is a huge impact can anyone explain the logic behind the decision
I think that there might be some truth to it. Seems kinda irresponsible of the Fed to drop the rate by that much. look at what happened.
Euro Pushing 1.4 (~ 80 pips)
GBP lost ~130 pips and ( although this is a retracement from the past few days )
JPY seems very unstable but there not stoopid and know the value of the carry
CHF 50 pips
AUD 150 pips
CAD ~ 100 pips
This is a huge impact can anyone explain the logic behind the decision
Keep it simple stoopid....