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]

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