Tokyo Takes: Is the USD Too Big To Fail?
Once traders start to focus on the US economy and deficits, USD could get crushed. For the time being, however, traders appear to be more afraid of how the US crisis is affecting Euro, the Pound, Swiss Franc, the AUD and New Zealand dollar than they are on the US economy. However, if gold futures see renewed buying support between $925~$900/ounce, this may signal the end of the renewed rally in USD.
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