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Global stocks rebound on rate cut hopes (Reuters via Yahoo! News) European and Asian shares managed to rise and oil rose toward $50 on Friday as expectations of further interest rate cuts helped to cushion deepening gloom about the financial and auto sectors as well as the broader economy.
Dollar trades mixed as consumer prices plummet, interest-rate cuts seem likelier (Canadian Business) NEW YORK (AP) - The dollar traded mixed Wednesday as consumer prices continued to drop, paving the way for more interest-rate cuts at home, while European bankers suggested more rate cuts were in the works as well and stocks dropped.
Dollar Future Depends On Rates And Growth Beyond December (Daily FX via Yahoo! Finance) An interest rate is one of the key elements to valuing a currency; however, there are times when other factors are more important to the market. Considering the dollar?s consistent strength in the face of the Fed?s lowering the benchmark rate to 1.00 percent, this is one of these times.
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