Category: Currency Currents
- Published: 06 January 2009
- Written by Editor
Stocks AND Dollar to Rally in the First Half? Keep Hope Alive
So was it Obama yesterday? Was it his words that sent the US dollar chugging higher? Did stocks rally sharply on Friday in anticipation of Obama?
So it goes, Obama's newest proposal to drag the US economy out of the ditch it's in went above and beyond the plans he'd been expected to unroll. The larger-than-anticipated amount of "stimulus" taking the form of tax cuts seemed to have caught many off their guard.