The US dollar faces substantial event risk, but this week is a bit different from others as the release of economic indicators may prove to be rather unimportant. Instead, the greatest threat to the US dollar is the fate of Fannie Mae and Freddie Mac. Shares of the two mortgage giants plummeted after Friday’s stock market close amidst speculation that the US Treasury will announce plans to inject capital over the weekend.
$ Dollar Depends On Fate of Fannie Mae, Freddie Mac This Week € Euro Reversal Depends On ‘Relative’ Outlook For Rates And Growth ₤ British Pound Could Recover on Unwind of Record Short Positions ¥ Japanese Yen To Take Guidance From Bailout Rumors, Carry Plunge ₣ Swiss Franc Direction Split Between GDP, ECB Decision And Carry C$ Canadian Dollar May Fall On Global Growth Concerns AU$ Australian Dollar Under Pressure as Yield Spreads Shrink NZ$ New Zealand Dollar Selling to Retain Momentum as RBNZ Cuts Again
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