U.S. rate cut is expected to lead a chain reaction Diego high oil prices euros.

<P> Fed cut interest rates to rescue the market may continue to expect the international financial market triggered a strong chain reaction: the U.S. dollar against major currencies tumbled across the board, the euro broke through 1.50 to the dollar mark yesterday, reaching a record high; depreciation of the dollar prompted the international .he moved a large amount of the commodity market, and promote crude oil, the prices of precious metals and agricultural products such as high Diego, New York crude oil futures rose above $ 102 electronic trading yesterday, up to $ 102.08. .</ P> <P> the euro against the U.S. dollar first broke 1.50 </ P> <P> It http://finance. Hearing, by gradually introduced, and some weak economic data suggests Fed officials continue to cut interest rates to drag the speech, 26 .New York market, the sound of a falling dollar. .</ P> <P> the same day, the U.S. announced in February consumer confidence index fell to the lowest point in five years, the future expectations index dropped to 17 year lows. .The market also expects the introduction of 27 U.S. new home sales data also will be extremely weak. .On the day of a public speech, Federal Reserve Vice Chairman Donald Kohn said frankly that the credit crisis and the economy faces downside risks to growth, has exceeded the inflation threat, the market generally be understood as a hint to further cut interest rates. .</ P> <P> affected, 26 New York trading, the dollar fell across the board. .£ 1.9667 against the U.S. dollar rose to 1.9862 day before, the dollar fell to 107.26 yen from 108.07, the dollar fell to 1.0759 Swiss francs from 1.0889 yesterday, also fell in Asian trade .1.0705 a record low. .</ P> <P> the euro area so far has not followed up because the U.S. cut interest rates, a reversal of interest rate differential between Europe and America but also the dollar's decline against the euro in particular. .26, New York, the euro against the U.S. dollar rose to 1.4825 the previous trading day's 1.4967. .In the following electronic transactions, the euro against the dollar had risen to 1 ratio of 1.5047, setting a new record. .</ P> <P> in Asian and European trading hours yesterday, the euro continues to strengthen, and repeatedly refresh the record. .To 19:35 Beijing time yesterday, the euro was reported to 1.5032 against the dollar, rose as high as 1.5087 earlier. .In addition, the Russian ruble against the U.S. dollar yesterday rose to its highest since March 1999 price. .</ P> <P> European trading session yesterday, the dollar of 16 most actively traded currency in the 15 species have declined. .According to the preparation of a basket of trading partner currencies the dollar index fell 74.23, below last year on November 23 record of 74.48 in the former low and create the index since the advent of a new low in 1973. .</ P> <P> competing high commodity </ P> <P> continued depreciation of the dollar, the global context of high inflation, commodity hedge funds for a number of international investment in the new destination. .Therefore, whether it is crude oil, precious metals or agricultural products, with the last two days have accelerated the dollar's decline for years and even have a record high. .</ P> <P> analysts said, crude oil and gold, the majority of dollar-denominated commodities, the dollar will make these products are translated into cheaper prices in other currencies, helped stimulate demand. .Meanwhile, global inflation makes gold more than the commodity has become a new "safe haven" investment options. .</ P> <P> UBS Bloomberg Commodity Index yesterday rose to a record high, in addition to crude oil, the wheat, sugar, copper, cotton and cocoa and other commodities have also increased. .Brokerage firm optionsXpress 扎雷姆斯基 commodity analyst in Chicago, said speculative money is pouring into commodities and continue to push up prices. .As fears of inflation, a lot of money is buying crude oil, cotton or wheat products. .</ P> <P> only crude oil, for example, the impact of $ 100 in the middle of this month after the success of New York crude oil futures over the past two days and Zaiduofali. .First in the top 26 to return $ 100, closing at $ 100.88, the highest intraday red to $ 101.43. .In yesterday's electronic trading, crude oil contract in New York in April and "redouble their efforts," for breaking the two integers 101 and $ 102 levels, the highest hit $ 102.08. .As of 19:55 Beijing time yesterday, the latest reported $ 101.26 in New York oil prices, up $ 0.38. .</ P> <P> the same yesterday, the international gold price to new high, the international spot price of gold topped $ 960 an ounce, up to $ 964.70. .</ P>.