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Interest rates, Lehman Bros Vialoux
Posted on June 10, 2008
U.S. equity index futures are lower this morning. Dow Jones Industrial Average futures are down 70 points. Weakness can be attributed to renewed strength in the price of crude oil, up $3.00 per barrel from yesterday s close. The U.S. Dollar is higher again this morning. Once again, it is testing resistance at 73.89. The dollar is responding to a resurgence in U.S. interest rates in anticipation of a reversal in Federal Reserve policy. Traders say that the Fed Fund rate has a 50% chance of moving higher by October. Federal Reserve chairman, Ben Bernanke noted in a speech last night that the F...
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