28

Jan

Currencies Cheer Bad Bank Plan

Posted by Kathy Lien  Published in dollar earnings, dollar forecast, forex blog
On Friday, in my Daily Currency focus for FX360.com, I talked about the 3 Big Threats to the US dollar this week. One of them was a bad bank plan. This morning, Dow futures and higher yielding currencies are up sharply on news that Obama’s Administration has prepared a plan to create a [...]
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7

Jan

US Dollar Sells Off on Concerns About NFP and GDP

Posted by Kathy Lien  Published in Currency forecasts, Fed Rate Cut, Forex News, GDP, dollar forecast, dollar recession, forex blog, non-farm payrolls
Concerns about the US economy are growing as the Dow Jones Industrial Average erases all of its year to date gains, taking the US dollar down with it. The rally that we have seen in the first few days of trading will be difficult to sustain with all of the weak economic data that [...]
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