In This Issue..
* Risk Off Day...
* Will FOMC bring about new QE?
* China prints 18-month high Trade Surplus!
* Sorting out the Asian currencies...
And Now... Today's Pfennig!
FOMC Day...
Good day... And a Terrific Tuesday to you! I had another visit to the dentist last night... My mouth is still pretty sore this morning, so it's a good thing I'm not talking to you, but writing instead! HA!
Well, that slippage that I was seeing yesterday morning turned into a dollar rally, and has continued throughout the night with the euro losing 1 1/4-cents... It's about the same with Aussie dollars (A$), and the Norwegian krone, which I highlighted yesterday, and gave it the old "Pfennig kiss of death"!
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Filed under: Currencies, Dollar, Recession, Gold, Yen, Economy, Recovery, Chinese, Tim Geithner, Trade Surplus, commodity, global growth, rally, Quantitive Easing, deficits, Australian