Dollar Slightly Lower, Rate Cut No Longer Seen As Sure Thing.
Apr 29th, 2008 | By Doug Casey | Category: Politics & EconomicsIn the currency market, the dollar was slightly lower against the euro. Late Monday, the euro was trading at $1.5642 vs. $1.5625 on Friday. Traders breathlessly await the Federal Reserve’s critical decision, with sentiment still running strongly in favor of another cut.