[RightWhale]

That would explain how the $US was at 1.34 against the $EU and is now, after the rate cut, 1.36.

[spanalot]

HAH!

[Toddsterpatriot]

That would explain how the $US was at 1.34 against the $EU and is now, after the rate cut, 1.36.

Where was the $US when the Fed Funds rate was 1%?

Gold hovered in the high $300s while Greenspan held the fed funds rate at 1 percent between July of 2003 and June of 2004.

Hmmmmmmmmmm.