Weekly Forex Market Commentary
The dollar gave back its early gains versus the European and commodity currencies early last week and closed flat against the yen amid volatile trading. One of the many ?other? shoes to fall came from the bond insuring firms, which are struggling desperately to find some lifesavers. But the joint fiscal and monetary stimulus that the government is putting together started to make sense to the market and the appetite for risk is making a sheepish return. To say that we are out of the woods would be blatantly stupid, but to say that the best that can be done to shore up the hemorrhage of the financial system and the economy, that?s fair. Th
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