Kathy Lien is Director of Currency Research at GFT, and runs KathyLien.com.
Kathy has a Bachelors degree in Finance from New York University. Kathy has written for Stocks and Commodities, CBS Market Watch, ActiveTrader, Futures and SFO Magazine. She is frequently quoted on Bloomberg and Reuters and has taught seminars across the country. She has also hosted trader chats on EliteTrader, eSignal, and FXStreet, sharing her expertise in both technical and fundamental analysis.
With existing home sales rebounding in the month of February and European markets still closed for Easter Monday, the US dollar recovered against the euro and the Japanese yen.
Even though Kathy Lien expects the US dollar to continue to weaken against the euro, Japanese yen and Swiss franc, she could see a further recovery against the high yielders.
After surprising the markets with a 25 basis point discount rate cut on Sunday and extending the discount rate window to investment banks, the Federal Reserve is set to make another historic move by cutting interest rates 100bp tomorrow. Or will it?
What makes today’s record breaking day in the EUR/USD particularly unique is the fact that the currency pair is now trading above the psychologically important 1.55 level.
Today's plan to lend as much as $200 billion in US Treasuries helps to reduce the Federal Reserve's urgency to lower interest rates, but is that the main reason for the move?
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