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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

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.

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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.
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