Now Reading
End Of Day Update: Dollar Tidbit
14

End Of Day Update: Dollar Tidbit

End Of Day Update: Dollar Tidbit

by The MoleOctober 6, 2008

A quick note about the Dollar – in case you guys wonder – this is not a rush to ‘quality’, it’s the result of forced buyback of Dollar debt by foreign buyers. The debt is being called and that requires Dollar settlement. A huge amount of FOREX is occurring but is not safe haven Dollar buying. We also suspect very strong Dollar repatriation from abroad by US investment players.

Original source jsmineset.com.

FYI: Tomorrow FED chair Bernanke gives a speech at 1:15, the FOMC minutes are released at 2:00, and the Consumer credit report is released at 3:00.

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator