MoneyTec.com Traders Community Forum - View Single Post - Credit crunch

phreak · 16-08-2007, 14:30

I hope somebody can clarify this: credit crunch has started in US and hence US should be affected by it more than any other country. A cut in interest rates is now widely expected in US by the end of the year due to this issue. How come that dollar is up against Euro and Cable and is seen by traders as 'safe heaven'? Any ideas?

16-08-2007, 14:30	#1 (permalink)
phreak level 1 Join Date: Jun 2003 Posts: 49 Rep Power: 0	Credit crunch - what the hell is going on? I hope somebody can clarify this: credit crunch has started in US and hence US should be affected by it more than any other country. A cut in interest rates is now widely expected in US by the end of the year due to this issue. How come that dollar is up against Euro and Cable and is seen by traders as 'safe heaven'? Any ideas?