Monday, April 11, 2011

Dollar Weakens

The dollar weakened against it's basket of currencies last week following the US government's affliction over budget cuts and a looming resolution needed on the federal borrowing limit.

The Federal Reserve's quantitative easing and the decision on the federal borrowing limit are likely to direct the movement of the US dollar over the next few months.

Wall Street Journal, April, 11, 2011
Dollar Still in a Downdraft

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