Here Goes the Dollar

I was waiting for this, fairly surprised when investors flocked to the dollar for awhile, but here we are:

Dollar Heads for Biggest Annual Drop Against Yen in Two Decades :

The dollar is likely to weaken further into 2009,” said Norifumi Yoshida, vice president of the trading section in Singapore at Mizuho Corporate Bank Ltd., a unit of Japan’s second-largest bank by assets. “The U.S. recession will probably be prolonged as the data aren’t signaling any recovery at all.

Subject Meta: 

Forum Categories: