US Dollar: Could Politics Derail the Greenback?
February 3, 2009 by admin · Leave a Comment
The US dollar traded lower today as safe haven demand subsided. New fiscal stimulus has been announced in Australia and Japan leading US investors to hope that similar help is around the corner. The full Senate is expected to vote on the $885 billion stimulus package this week and the prospect of a swift approval is having a big impact on the currency market. Politics is overshadowing economics and in that same vein, any delays in getting the money into the hands of Americans could derail the greenback.
