Intraday Market Thoughts

Archived IMT (2009.03.25)

by Ashraf Laidi
Mar 25, 2009 16:36

Dollar pushes higher DESPITE stocks rally as Geithner for the first time in his tenure says a strong dollar is in the interest of the US--a mantra long espoused by previous Treasury secretaries since Rubin) or the dollar I would. Geithner added the dollar is extraordinarily strong right now because investors consider the US United States the strongest economy in the world with the most stable political system in the world. Currencies most vulnerable to USD at this point are GBP (after today's dismal CBI) and NOK for now.


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