People are confused about the United States' stance on the dollar. Until there is a deliberate shift in U.S. policy, the dollar's downtrend could continue.
People are confused about the United States' stance on the dollar, ... Until there is a deliberate shift in U.S. policy, the dollar's downtrend could continue.
We're consolidating Friday's sharp move lower. I wouldn't be surprised to see a bit of a pullback first. I wouldn't want to pile in until see $1.1759 level give away -- the low for 2004,
The market will not be confident in attacking the dollar until there is a much greater degree of confidence in calling the peak on Fed funds.