December 11, 2009
Dollar Bulls Get Their Wish
Dollar bulls who wanted to see growth in the labor market and an increase in consumer spending received the latter in the form of a better than expected retail sales report and a jump
in consumer sentiment on Friday. The bullish response by investors to the friendly retail and consumer confidence numbers is a sign that speculators believe the Fed has enough evidence to hike
interest rates sooner than expected.
The U.S. Dollar soared to the upside to …
