FOREX TRADERS

[Relentless Despot]

AP
Fed Pumps $41B Into US Financial System
Thursday November 1, 5:15 pm ET
By Jeannine Aversa, AP Economics Writer
Fed Injects $41 Billion Into US Financial System to Help Ease Credit Problems

WASHINGTON (AP) -- The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.

The action came one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate. It was the second time in six weeks that policymakers acted to protect the economy from the effects of the housing downturn and credit troubles.
http://biz.yahoo.com/ap/071101/fed_markets.html?.v=2
This means the buck goes lower... much lower.
Near term?... dunno
Long term?
YUP
Some time ago...
before I found or even adored forex I wondered why pennies got away with the dilution game...
Now I know.
They are but pupils of a corrupt governing body.