With a wheezing economy that’s struggling with housing and credit problems – as well as a weak dollar – it’s clear the United States won’t be in the investment spotlight this year.

After voting to hold rates steady at its monthly meeting today (Thursday), European Central Bank (ECB) President Jean-Claude Trichet said a rate hike in July is “possible.”

Apparently, there’s just no stopping stocks. They just keep on trucking higher as investors forget about the recent troubles in the financial sector and focus on Merrill Lynch’s note that ‘credit markets may be “past their worst”’.

U.S. Federal Reserve Chairman Ben S. Bernanke came out in support of a stronger U.S. dollar today (Tuesday), indicating the Fed would remain on pause at its next meeting.

There’s one thing you can almost always count on with the government: Coming late to the party.

Real gross domestic product (GDP) increased at an annual rate of 0.9% in the first quarter, the Bureau of Economic Analysis (BEA) announced yesterday (Wednesday).

The inflationary reality that we as consumers have been living for months may finally be starting to dawn on the U.S. Federal Reserve.

Questioning the Fed’s moves… Euros slow down… Aussie hits 25-year high… Oil hits $135!

An unexpected increase in German business confidence sent the euro to a one-month high versus the dollar yesterday (Wednesday) on speculation that the European Central Bank could be forced to hike interest rates to combat inflation.

I don’t know at this point if this is a true reversal of the dollar rally or a false dawn… But either way… Just to see some chinks in the dollar right about this time is probably a good thing to currency holders!