Monday, December 21, 2009

good quote by Kathy Lien of GFT in Marketwatch article:

"The dollar is now expected to continue reacting to fundamental factors, such as rising on upbeat economic news that would make it more likely that the Fed will eventually hike rates, Lien said.

That trend, she said, should continue at least until early January when the government releases the next key U.S. jobs report for December." link to full article:
Dollar rises vs. rivals on economic hopes

with stronger jobs numbers / stronger US data the shift of concern will ultimately be inflation. Of note retail data has been stronger along with jobs which could indicate the consumer is more willing to spend into the economy relieving some of the recessionary fears.

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