The dollar managed to hold its own despite piling proof that the US economy is slipping its recession. The market has priced in rate cuts in both the US and the UK and even the inflation-minded ECB may come to its senses and reduce borrowing costs in an attempt to slow a worldwide recession. Risk adversity is increasing and the antipodean currencies are at risk versus the yen. If the US equity markets can struggle higher, with or without artificial support, the Read More …
