Dollar falls to new low as markets await Fed's next move

[Andy D.]

From the Guardian:

The US dollar has fallen to new lows against other major currencies, undermined by predictions that the US would continue to resist pressure to raise interest rates.

http://www.guardian.co.uk/business/2011/apr/26/dollar-falls-new-lows

Any thoughts on this?

 

[Joy Pathak]

I absolutely love this right now. My student loans originate in Canada. I just took a loan to fund my last semester and I got a great deal (Almost 5 cents on the dollar!) .

 

[bigbadwolf]

*Sigh* Bernanke and the Fed are between a rock and a hard place. No good choices. Raise interest rates and the sigh of a shadow of a ghost of a recovery they keep trumpeting will promptly evaporate. Don't raise rates and the dollar keeps going down the tubes and the price of commodities -- including oil -- keeps going up in dollar terms, contributing to inflation. No good choices. Silver and gold prices are moving upwards as well.