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The dollar is moving solidly higher across the board, as markets' initial take is...

The dollar is moving solidly higher across the board, as markets' initial take is less-than-hoped for priming from the Fed. One currency of note is the loonie, where the greenback has popped above parity to its highest level in 2011.
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Comments (1)
  • Moon Kil Woong
    , contributor
    Comments (11161) | Send Message
     
    This is plain silly and may be due to manipulation short term. Fiscal loosening leads to higher currency is very counter intuitive. I expect more dollar weakness to everything but the Euro later and gold and silver to rise later on as the loosening affects the economy and inflation.

     

    Also few people know but the Fed's action to buy up bonds is a subtle attempt to prevent Fannie Mae and Freddie Mac from collapsing. It's a shifting of liability from the government to the government.
    21 Sep 2011, 11:52 PM Reply Like
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