{"id":198156,"date":"2007-12-06T20:18:00","date_gmt":"2007-12-07T01:18:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/06\/national-banks-try-to-bolster-the-dollar\/"},"modified":"2007-12-06T20:18:00","modified_gmt":"2007-12-07T01:18:00","slug":"national-banks-try-to-bolster-the-dollar","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/06\/national-banks-try-to-bolster-the-dollar\/","title":{"rendered":"National Banks Try to Bolster the Dollar"},"content":{"rendered":"<p>Lower interest rates overseas make the dollar a more attractive investment, so, in an attempt to bolster the dollar, you have <a href=\"http:\/\/money.cnn.com\/2007\/12\/06\/news\/international\/uk_rates.ap\/index.htm?postversion=2007120607\">the Bank of England cutting rates to 5.5%<\/a>, the ECB, which intended to raise rates, <a href=\"http:\/\/money.cnn.com\/2007\/12\/06\/news\/international\/bc.apfn.eu.fin.eco.europe.interest.ap\/index.htm?postversion=2007120609\">leaving the Euro interest rate unchanged<\/a>, and <a href=\"http:\/\/today.reuters.com\/news\/articleinvesting.aspx?type=bondsNews&amp;storyID=2007-12-04T140121Z_01_N04267481_RTRIDST_0_FULL-TEXT-BANK-OF-CANADA-INTEREST-RATE-STATEMENT.XML\">the Bank of Canada cutting interest rates<\/a>, which is why the Canadian dollar is below parity for the first time in about a month.<\/p>\n<p>It won&#8217;t last.  The Fed will cut rates at the next meeting, and might do it by 50 basis points (\u00bd%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lower interest rates overseas make the dollar a more attractive investment, so, in an attempt to bolster the dollar, you have the Bank of England cutting rates to 5.5%, the ECB, which intended to raise rates, leaving the Euro interest rate unchanged, and the Bank of Canada cutting interest rates, which is why the Canadian &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973],"tags":[],"class_list":["post-198156","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198156"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198156"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198156\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}