fiftyfifty
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This is probably quite a basic question but I'm not sure if there is any reasoning to it so don't know how to look at it. Say the high on the Eur USD was something like 1.4960 but before the Fed dropped rates by 1.25% in a week and a half. Now, would it be right to try project this 1.49 figure to see where it would have got to under these new rates? I.e. lower rates should weaken the dollar so therefore the previously stronger dollar would have actually gone to 1.51 or something...
Anyone got any ideas on this or is it completely off base
Anyone got any ideas on this or is it completely off base