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Weak Data Will Send Dollar To New Depths

Jul 15th, 2008 | By Chuck Butler | Category: Politics & Economics

The Daily Reckoning’s currency expert Chuck Butler says the dollar is being taken to the woodshed. The greenback is losing ground against all major currencies as the credit crisis continues to wreak havoc in the U.S economy. Chuck says disappointing inflation or retail sales data this week will send the dollar to new depths…

Tags: Albatross, aussie dollar, Australian Dollar, Bank Of England, Bank Of Japan, BOJ, Canadian Dollar, Chuck Butler, credit crisis, Csny, Daily Reckoning, euro, Greenback, Investor Confidence, Japanese Yen, loonie, Losing Ground, Parity, Pound sterling, Rear View Mirror, Retail Sales Data, Rising Interest Rates, US housing crisis, US inflation, US recession, Woodshed
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