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Forex in 60 Seconds: US Dollar Tumbles Despite Strong US GDP, Housing Numbers - Why?

Thursday, 26 June 2008 21:09:23 GMT

Written by Terri Belkas, Currency Analyst

 ·          US dollar down despite US GDP revision, strong housing data
 ·          Risk aversion is back as DJIA falls more than 3%, Treasuries gain, Japanese yen crosses plummet

Stories to watch on DailyFX

·          The US dollar has fallen significantly - will the bear trend continue?
·          The Fed, ECB, and BOE all sound hawkish - who will hike, and who is just paying lip service? 

Send any comments or questions to tbelkas@dailyfx.com

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