This new “no recession” Fed policy has started the US dollar down the path to new lows. The decline will likely be sustained by the substantial US current account deficit, which found in Bernanke’s cuts the spark it needed to make its impact fully felt in foreign exchange markets.
美联储这一新的“不得衰退”的政策让美元跌到了历史新低。美国庞大的经常项目赤字有可能维持这一贬值。伯南克降息让它在外汇市场影响巨大。