Weekly Forex Market Commentary

By SFO | January 31, 2008

The dollar tumbled across the board during the last week of 2007, and the carry trades were put on the back burner. With trading volumes thinned out the market took the US currency to the only logical direction, down, but currencies gained at different paces. The new year should start with the dollar on the ropes ? unless the oil prices head lower unexpectedly. Have a happy and prosperous 2008!
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