This week, the United States Bureau of Labor is likely to announce the U.S. economy probably lost more than 50K jobs in February. And even though the unemployment rate is expected to stay relatively unchanged, it’s now more than apparent that a model of job creation purely driven by government stimulus is not working as predicted by the Obama administration. That said, I still think the US dollar is a better shape than other currencies and I expect the greenback to rally further in 2010, in particular against the fragile euro and the lower yielding Japanese yen. However, I will revise that forecast against the dollar if I feel the Federal Reserve will not be able to handle an enormous political pressure to keep interest rates at a record low.
Trading Forex for a Living Trading Forex Forum Forex Manual Trading Systems Forex Automated Trading Systems
Provided by DailyFX Visit DailyFX.com
