The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man	6/24/2008 9:09:20 PM
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Tomorrow after Fed will be very interesting for the dollar. We could see a major dollar drop, if Mr. Market that's now very long the dollar calls the Fed's bluff. dailyfx.com Will the Fed be Non-Committal? The big question tomorrow is whether the Federal Reserve will be non-committal. Consumer confidence as measured by the Conference Board fell to 16 year low in the month of June. With 2 non-farm payroll reports and multiple inflation reports before the August meeting, the Federal Reserve may choose to buy themselves time by not signaling that a rate hike is imminent which is the primary risk for the US dollar. As indicated by the Fed Futures, traders have bid up the dollar over the past few weeks in anticipation of hawkish comments that would pave the way for a rate hike before the November elections. If those traders are disappointed, expect major dollar weakness.

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