When rumors of the Swiss central bank again intervening to drive down the value of the Swiss franc hit the world’s currency trading desks late last week, it underscored just how hard global governments are fighting against the strong currencies that can derail exports while also blunting consumer demand at home.

Dollar falls as US consumers become more positive…GDP to be reported this morning…European confidence increases…Mexican peso recovers…And Now… Today’s Pfennig!

A Santa Rally for the currencies?…  Waiting for the FOMC…  AUD and NZD rally…  China to try and keep growth above 8%… And Now… Today’s Pfennig!

The Sovereign Society’s currency analyst, Sean Hyman, says investors should stick to trading currencies. There are over 13,000 stocks open to public trading. But there are only eight major traded global currencies. This makes it far easier to keep track of movements and trends. And it means there’s more chance of picking a winner…

The euro hit 1.5820 overnight in Asian trading, but has seen that move erased during the London trading session… I don’t know what the Londoners know that the Asians don’t with regard to euros.

There’s no two ways about it folks. Inflation is a baaaaaaaaaddddddd thing… And I believe we will all rue the day that the Fed turned its back on inflation here in the United States. But Hey! That’s just me!