2217!!!!!

La_Huella says on Dec 16, 2008, 10:16:

YAY!

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ColombianoGringo (Moderator) (Trustee board) (☼Travelguide writer) says on Dec 16, 2008, 10:32:

La_Huella says on Dec 16, 2008, 10:43:

XE has it at 2215.

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nine inch nails says on Dec 16, 2008, 11:41:

Euro up against the dollar also. Both up because of the upcoming interest rate cut again today by the FED.

Good news for this is they can't cut too much more, bad news they are running out of steam with it and as close as it will be to zero they won't have this too much longer as a tool to help stave off Great Depression #2.

In 2-3 wks. time I see both the Peso and Euro down against the dollar once the effectiveness of today's cut wears off.

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nine inch nails says on Dec 16, 2008, 12:07:

Yeah wow!!!!! Knew they were going to make at least a 50 basis point cut but this is incredible!!!!!!

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Fed Cuts Key Interest Rate To Between Zero and 0.25%
Topics:Ben Bernanke | Federal Reserve | Stock Market | Central Banks | Credit | Banking
Sectors:Financial Services | BanksBy Albert Bozzo, Senior Features Editor | 16 Dec 2008 | 03:04 PM ET Text Size The Federal Reserve slashed the target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession.

The central bank reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October.
CNBC.com
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