Fed's volte face sends the dollar tumbling

[CountryBoy]

Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system, or such a sudden flight from the dollar.

The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the Fed confessed that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing.

http://www.telegraph.co.uk/finance/currency/7893238/Feds-volte-face-sends-the-dollar-tumbling.html

 

[Silverbird]

And the Rock cried out, there is no shelter here.
(don't be surprised if the Euro tumbles next on some piece of news as people run to the Rock...er Dollar.)

 

[CountryBoy]

And the Rock cried out, there is no shelter here.
(don't be surprised if the Euro tumbles next on some piece of news as people run to the Rock...er Dollar.)

Yep, I worry that we haven't even begun to feel the real pain that's gonna hit us. :worried: