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6. March 2009 by Dan Walkow, CFA, CMT.
Now here is a crowded opinion. Pundits abound about the demise of the US dollar on the basis so much money is being printed that the US dollar has to decline. So why does the dollar seem to be going up (See our chart on our March 2 post below)? For now the dollar is a pillar of strength and could continue for some time.
Great explanation by Howard Gold on CBS Marketwatch. Read it here
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2. March 2009 by Dan Walkow, CFA, CMT.
There is always a bull market somewhere and at this juncture it is the US dollar.
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2. March 2009 by Dan Walkow, CFA, CMT.
The Canadian dollar is under pressure since reaching 110 USD in the fall of 2008 and the CAD dollar is now testing its recent lows of 78.35. If breeched it brings in the possibility of a continued decline over the next several months.
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