Forex strategy : USD Falls to Record Low

The dollar fell versus most key currencies on Wednesday pressured by continued Fed policy-easing speculation and subprime-mortgage concerns. US Treasury Secretary Henry Paulson said the credit-market turmoil would last longer than the Asian economic crisis and the Russian default of the 1990s. According to Paulson, it would take longer because of the complexity of the mortgage products and that “we’re more globalized.” His comments increased rate-cut speculations. Short-term interest rate