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Anyone know why the USD jumped from 74.2 to 74.46 last 30 minutes?
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<p>[QUOTE="RickieB, post: 1165311, member: 2486"]Jim:</p><p><br /></p><p>The dollar is at 74.23 currently, I think the rise is due to Bernake's scheduled talk on Wednesday, 27th April. My guess is that this may bring some optimisim to a rather bleak circumstance. I personally think interest rates will remain low due to enormus potential interest payments Uncle Sam will have to pay out...I really think he may talk of QE-3 and if he does, this will again be bullish for PM's. The Debt ceiling is going to be raised soon and then we have to finance the Gov operations again for this physcial year...not a pretty picture but I think folks want to hear some good news amongst all the bad news we have had lately.</p><p><br /></p><p>By raising interste rates the Federal Deficit will rise exponentially and have worse mid to long term outlook. JMO..</p><p><br /></p><p>RickieB[/QUOTE]</p><p><br /></p>
[QUOTE="RickieB, post: 1165311, member: 2486"]Jim: The dollar is at 74.23 currently, I think the rise is due to Bernake's scheduled talk on Wednesday, 27th April. My guess is that this may bring some optimisim to a rather bleak circumstance. I personally think interest rates will remain low due to enormus potential interest payments Uncle Sam will have to pay out...I really think he may talk of QE-3 and if he does, this will again be bullish for PM's. The Debt ceiling is going to be raised soon and then we have to finance the Gov operations again for this physcial year...not a pretty picture but I think folks want to hear some good news amongst all the bad news we have had lately. By raising interste rates the Federal Deficit will rise exponentially and have worse mid to long term outlook. JMO.. RickieB[/QUOTE]
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Anyone know why the USD jumped from 74.2 to 74.46 last 30 minutes?
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