is reporting from
Ignore Bernanke: Why one euro will soon be worth $2 « Peter J. Cooper’s Weblog
arabianmoney | June 3, 2008 at 10:56 pmby
202 views | 0 Recommendations | 0 comments
Fed chairman Ben Bernanke talked up the dollar a couple of pips yesterday. But beware a false sense of security. The bullish crowd from Wall Street would have us believe the dollar’s fall is over and that stabilization at two per cent interest rates will spark a rally after eight months of falling rates. It would be nice to think this is true. But the dollar is going to $2 per euro over the next two years.