Weekly Forex Market Commentary

By SFO | February 29, 2008

The disaster of the subprime crisis is far from being fixed and is dragging us in a recession that will likely be significant. But, as I wrote in previous reports, Washington is really working hard on smoothing out our predicament. As of the time of this writing, a solution seems to be in the works for one of the key monolines. That?s a big step, mind you. While the economy is in a tightening corner and the financial and housing sectors are toast, things are not as bad ? but a bad attitude can be mortal. For the time being the dollar should remain under pressure, while the commodities
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