Archive for June, 2008

Dollar Drops And Boosts Euro

The dollar has fallen yet again and with the newly released data on the economy’s strength, doubt has been raised over whether or not the Federal Reserve will be able to bring the interest rates back up later in the year. Of course, in Germany, the Euro got a nice boost thanks to producer prices [...]

Forex Rates Cannot Be Used To Fight Inflation

If countries feeling the effects of inflation think they are going to be able to use exchange rate currency as a tool to fight it off, they are wrong. According to Reserve Bank governor Y.V. Reddy, “If the exchange rate is to be market-determined, you cannot use it as an instrument for some policy or [...]

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