Monday, March 21, 2005

dollar races up

The dollar got to a two-week high against the euro as the Fed may take a more aggressive stance with interest rate rises. The FOMC is expected to hike interets rates anothe quarter percent to 2.75%. The euro zone rate is still at 2.00%. The Fed may want to give itself room to raise rates at a faster pace before 2005 is out.

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