US dollar exchange rate is softer at the start of the week

Foreign Exchange : The US dollar exchange rate is softer at the start of the week, led by the Canadian dollar for once, as the prospect of a US stimulus plan and perhaps formation of a "bad bank" encourages less risk aversion. Both oil and hold rose strongly on Friday, too. But this week we get an overwhelming amount of new data and information, nearly all of it bad, including a flood of US company earnings reports. The market has recently retreated from panic mode - and panic favors the safe-haven dollar - but panic could or should be building again this week.

Bye For Now

Barbara Rockefeller
Foreign Exchange Trading
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