U.S. Dollar: 5 Event Risks Not To Miss
July 14, 2008
Kathy Lien submits:
Fannie Mae (FNM) and Freddie Mac’s (FRE) developments continue to drive the price action for the currency market. Despite Paulson’s announcement yesterday that he will be seeking Congressional Approval for the authorization to buy stock in Fannie and Freddie and a higher credit line, currency and stock traders are still not convinced that this is enough. On Friday, Fed Chairman Bernanke announced that Fannie and Freddie could tap into the discount window.
As the Wall Street Journal muses in this morning’s paper, “Are the Hunters Low on Magic Bullets?”
U.S. Dollar: 5 Event Risks Not To Miss
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