Various FOMC voting members have made comments suggesting that they do not intend to cut rates in December, especially as inflation pressures are building rapidly.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of November 19.

This week John Mauldin looks at inflation. Is it just over 2%, giving the Fed room to cut rates, or will it be closer to 4% by the next FOMC meeting, making a rate cut problematic?

The money market funds have put a little of their cash into SIVs, Structured Investment Vehicles. For the first time ever, the funds may “break the buck,” meaning, they might not have a dollar’s worth of assets for every dollar investors gave them. This would be a big disappointment to many investors; they gave their money to the money funds because they believed they were ‘safe’...and they were hoping to get their money back in the same condition it left them.

The US dollar faltered through end-of-week currency trading, as a marginal improvement in risk appetite and disappointing economic data combined to sink the greenback against major forex counterparts.

The USD/CAD has many wondering if the pair stands to continue its strong recovery or if it will correct lower. Traders should watch event risk out of Canada and the US, as surprising results could spark volatility.

Putting more Asians to work does not automatically increase the supply of farmland, or what grows on top of it, or what lies underneath of it. While increased industrial output has managed to hold prices down for manufactured goods, the rising supply of money has forced up prices for things that don’t come out of factories.

Even though inflation and manufacturing data were decent, and gold prices plummeted as much as $30 intraday, the outlook for the US economy and US dollar still faces many risks.

Another month of net outflows of US assets could be disastrous for the greenback and US equity markets. On the other hand, a better-than-expected figure for net long-term TIC flows could lead the markets to believe that not all faith in the dollar is lost and could create an opportunity for US assets to gain.

Todd Gordon was looking to short the dollar-yen, but just missed his target fill.