Monday, June 26, 2006

WILL RATE HIKES "SAVE" THE DOLLAR?

And...as expected...lower the price of oil in the process?

THIS link says, so far, world investors are DUMPING THE DOLLAR...on the theory that higher rates mean a slower economy in the US!

Indeed the dollar fell today...on the very eve of the "Dollar-Saving" FED meeting!


Sometimes a decent central banker just can't win!