Currencies rally…  IFO unexpectedly rises…  Norway looks good…  Gold hits $900 again! And Now… Today’s Pfennig!

Senate rejects auto bailout…  ECB pushes back from the rate cut table…  Goldman and Citigroup predict a dollar fall…  China to continue to appreciate… And Now… Today’s Pfennig!

Another currency rally….  SNB cuts another 50 BPS!  Budget Deficit continues to widen!  Treasury yields go south for the winter! And Now… Today’s Pfennig!

Currencies trade in a tight range…  China…  Commodity prices to blame…  “Safe” Treasuries? And Now… Today’s Pfennig!

The House, which had previously voted down the Bailout Package, decided to go ahead and put the country in debt by another $700 Billion… Yes, I know it the payouts will be in installments, but in my mind it was in one swoop that $700 Billion was added to our debt… And guess what? The dollar rallied on the news!

Carry trade unwinds for Japanese yen and Swiss franc… Brazilian real boosted by inflation?… Chinese renminbi still on the rise..

All eyes are on Ben Bernanke and the Federal Reserve today, the big question being: Will there be another Fed rate cut?

Just about everyone is predicting another rate cut, but will this rate cut be the last for a while?

CNN says “trading in futures markets predicts the Fed will cut its key fed funds overnight lending target by a quarter-point, to 2%, and hold the line there in coming months.”