Save me Ben!
Save me!
Meanwhile, dollar-denominated oil hit an all-time high today, the dollar hit an all-time low against the Euro, and gold is at $713 and climbing.
Everyone in the States feeling rich? Dollar-denominated stocks holding up for ya? Well, I've got some bad news. And here's a hint. I paid $20 for a hamburger tonight in London. And if Ben screws up and lowers rates, that burger is gonna be $30 real quick.
Dollar Falls to Record Low Versus Euro on Rate Differential
Sept. 12 (Bloomberg) -- The dollar fell to a record low against the euro as investors increased bets the Federal Reserve will reduce its target interest rate, narrowing the yield advantage between the U.S. and Europe.
The currency declined for a sixth day, the longest losing streak since April, as investors wager the Fed will cut its key borrowing rate by a half-percentage point to 4.75 percent next week, narrowing the gap to 0.75 percentage points.
