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 FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration

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PostSubject: FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration    Sat May 28, 2011 3:30 pm

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FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration


The Dollar
suffered its worst weekly performance in a month. What initially looked
like a promising open to the period, quickly turned into a dramatic
decline for the struggling greenback as the few fundamental compliments
for the currency have failed to gain traction. Despite the potential
indirect benefit the Dollar could garner from
uncertainty surrounding Europe’s financial difficulties or
speculation ahead of the Fed’s cap on the second, $600 billion
quantitative easing (QE2) program next month; the FX crowd once again
deferred to risk appetite and the sparse return to be found from the benchmark currency

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FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration

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