End Of Day Update: Dollar Tidbit
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.