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Has the Dollar’s Bottom Formed?

Posted by GraceCheng.com in May 5th 2008  
Last week’s outstanding award should go to the US dollar, which not only had to brace itself for heavy-weight economic releases such as GDP, FOMC rate decision and US non-farm payrolls, the currency had triumphed versus other major currencies like the Euro, Swiss franc, British pound and the Japanese yen. Permanently pessimistic observers were kind of “unhappy” to see that the US economy did manage to expand in the first quarter of this year, growing by a paltry 0.6%, thinking that if it Read More...

Filed under: Fundamental