MY MARKETIVA JOURNEY: A FOREX TRADER'S BLOG

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Saturday, October 22, 2005

Higher Interests = Stronger Dollar

by Eko Prasetyo @ 1:07 AM

Learned a new thing from my master. He said that the reason EURUSD and GBPUSD took a dive is because the fed has increased USA interest rates up to 4%. That will make investors took their money from other futures market to buy USD and thus making it stronger.

But USD's bull seems to be halted tonight by support levels. I don't know about monday, but I think the empowering of USD will continue.

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