Dollar Congestion Belies High Volatility, Bigger Fundamental Problems
Nov 10th, 2008 | By Matthew Cay | Category: Forex NewsThroughout last week, grim economic data was met by seeming indifference by the US dollar. After five years of steady depreciation, the greenback has been well prepared for data to confirm what international investors have long expected. However, speculation doesn’t happen in a vacuum; and the deterioration of US fundamentals – and, more importantly, speculation [...]