163 comments on DrumBeat: November 17, 2007
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163 comments on DrumBeat: November 17, 2007
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I suspect we may see an effect on the dollar exchange rate following the OPEC meeting, I don't think they are very happy with the current value.
Xeroid.
interesting that you say this:
Right now Venezuela and Iran are trying to force
the meeting to issue a statement on the Dollar.
The KSA is blocking it.
" NEW YORK, Nov 15 (Reuters) - The Federal Reserve on Thursday pumped its biggest temporary daily infusion into the U.S. banking system since just after the Sept. 11, 2001 attacks as short-term lending rates rose on both sides of the Atlantic.
Even though some news about bank write-downs from riskier investments was not as dismal as some investors had feared, underlying strains pushed overnight lending rates up in both the United States and Europe.
"There was a bit more focus on the Fed operations today in context of the rise in Libor (London Interbank Offered Rates)," said Tony Crescenzi, chief bond market strategist at Miller, Tabak & Co. in New York."
Arkansaw of Samuel L Clemens