Browse by Tags

Daily Pfennig

Blog Subscription Form

  • Email Notifications
    Go

Recent Posts

Archives

  • The dollar holds on..

    In This Issue..

    * The Dollar holds on...
    * Pimco is buying Brazilian bonds...
    * Surprising data from the Economist...
    * Chuck's thoughts from Orlando...

    Good day... Chuck spent an extra day in Florida, so he stayed home to recuperate today. I made it home Saturday night, and was a bit shocked by all of the ice and snow which covered my truck at the airport. I heard so much about the winter storm which rocked the east coast that I forgot to check the weather here at home. I am a bit behind this morning, as I stayed up a bit celebrating the Saints victory with friends.

    The dollar bulls were celebrating again on Friday, as the dollar rally continued. The recent strength in the US$ will probably continue this week, as it looks like it will be fairly uneventful as far as data releases. We won't have any reports out in the US today, and tomorrow will only bring the wholesale inventory number. Wednesday we will see December's trade balance along with the monthly budget statement for January. Both of these numbers will likely reflect an ever-growing deficit here in the US, with a 50 billion dollar monthly budget deficit, and a trade deficit just below 35 billion....