US Dollar And Commodity Direction

Credit crisisWhether one trades in Forex or not, we as traders need to keep an eye on the almighty buck because as we’ve all learned, commodities have been rising because of weakness in the greenback vs. its other higher-yielding counterparts [AUD and CAD].  Some theorize that the USD will be a little stronger after this week as the Fed wraps up buying its own debt via Treasuries.  Others say that USD will continue to weaken amid continued MBS purchases and a poor economy.  This from a long-time observer the Federal Reserve gives us his insights as to where the USD is headed; and thereby conversely commodities.  I personally am listening.  [HT to acrossthecurve]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s