Russia’s continuing weakness could cost the country its membership in one of the most identifiable and esteemed investor acronyms – the BRIC nations.

When things got ugly, the US dollar returned as king of the global currency market. J. Cristoph Amberger says dollar bears forgot that most other economies are in a worse state than the US.

Japan dominates news wires…  US retail sales to drop… Russia devalues the ruble again…  And Now… Today’s Pfennig!

The U.S. dollar is now under incredible pressure, and the timing couldn’t be worse. The U.S. economy is also sinking fast. This places the Fed between a rock and a hard place. To support the greenback, the Fed needs to raise U.S. interest rates…but their classic response to the threat of an economic recession is to lower those same rates.