The dollar has lost 5 percent against the euro since Sept. 18, when the Fed lowered its benchmark for the first time since 2003. ``Lower interest rates are hurting the dollar,'' said Axel Merk, who helps manage $285 million assets at Merk Hard Currency Fund in Palo Alto, California. ``Why put the money in the U.S. where all kinds of negative "
Sunday, February 17, 2008
US Dollar - Biggest Weekly Drop for 2008 - Prognosis Bad
The dollar has lost 5 percent against the euro since Sept. 18, when the Fed lowered its benchmark for the first time since 2003. ``Lower interest rates are hurting the dollar,'' said Axel Merk, who helps manage $285 million assets at Merk Hard Currency Fund in Palo Alto, California. ``Why put the money in the U.S. where all kinds of negative "
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