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Dollar soars overnight on surprise rate increase by Federal Reserve
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Friday, February 19, 2010
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From Mish's Global Economic Trend Analysis:

The Fed has been talking about its "exit strategy" for quite some time. Few believed he would pull the trigger on anything soon. Yet, Bernanke, unexpectedly raised the discount rate headed into options expiration.

Please consider the Federal Reserve Discount Rate Announcement released after the market close on February 18, 2010.

The Federal Reserve Board on Thursday announced that...

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More on the dollar:

Dollar rallies strongly today

Legendary trader Gartman: This is more than just a correction

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Topics: US_dollar | Stocks | Cruxallaneous
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