Dollar falls vs. yen on Wall Street turmoil - more of McBane's strong economic fundamentals

[JohnWxy]

http://www.marketwatch.com/News/Story/dollar-falls-yen-soars-safe-haven/story.aspx?guid=%7B3E5BA87C%2D57A1%2D4419%2D9A76%2D8AC8DC26D81B%7D

The dollar is falling as currency traders expect another rate cut from the FED. Cutting the rate reduces our dollars value against other currencies and will drive up prices of everything denominated in dollars. - in other words more inflation in spite of high unemployment and low job creation - i.e. low growth economy.

So much for deregulation and the inevitable greater concentration of capital in the hands of the already super wealthy.
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"Talk is growing as to what the Fed will do at tomorrow's meeting to help cope with the fallout," said Mark O'Byrne, executive director at Gold and Silver Investment.
Lower interest rates pressure a currency because they reduce the yield on assets denominated in that currency. However, expectations that the actual rate cuts will boost the economy and markets tend to lift a currency.
Interest-rate futures have jumped as traders fully expect the Fed to reduce its benchmark rate at its meeting tomorrow to 1.75% from 2%. Futures also show a 92% chance of another quarter percentage point cut at the central bank's meeting on Oct. 31."

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[Supersedeas]

1. remember, he's a Maverick and that's all that matters to the Free Ride Media