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Old 12-19-2003, 02:02 AM   #11
zippyjuan
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Join Date: Oct 2002
Location: Sunny San Diego
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The Fed is keeping US interest rates low while European countries are seeing theirs rise somewhat. This is causing a growing exedus to foreign investments by people seeking higher returns on capital than they can find here. This is causing the dollar to fall against many foreign currencies. The Fed will not fight this trend by raising rates since this makes US goods less expensive to foreigners and their goods more expensive here which will help stimulate our economy. I do not see any reason for this trend to not continue in the near future.
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