The dollar tumbled across the board during the last week of 2007, and the carry trades were put on the back burner. With trading volumes thinned out the market took the US currency to the only logical direction, down, but currencies gained at different paces. The new year should start with the dollar on the ropes – unless the oil prices head lower unexpectedly. Have a happy and prosperous 2008! United States The dollar sank broadly last week versus the European and the commodity currencies,
Related posts:
- The carry trades didn’t do well last week, with the yen surging
- The US economic calendar will begin on Tuesday
- Mid-Day Forex Technical Report – More Downside in Dollar and Yen, Strength in Commodity Currencies
- The US economic agenda opens on Thursday
- The US economic calendar features a series of very important reports this week
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Monday, December 31st, 2007 at 1:04 pm
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