Forecasts for the euro/US dollar exchange rate took a turn for the worse, as a steady stream of bearish economic data dimmed outlook for the broader Euro-Zone economy.
Forecasts for the Japanese Yen improved on the week, as the largest bank failure in US history and broader financial market instability boosted outlook for the heavily risk-linked currency.
The socializing of America is transforming our markets into a predictable situation where ill-gotten profits will be easily taken due to some regulatory body or legislation.
The U.S. dollar ended an extremely volatile week on a very weak note with speculation that the U.S. government bailout plan will fail to restore investor’s confidence in the U.S. economy.
How is government supposed to know what the bailout is worth? If they pay too much, the government takes a big loss. If they pay too little, it won't bail out Wall Street enough and the economy is likely to sink into recession.
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