As much as the EUR/USD fought to stay at 1.4000, it could not hold it. Similar situation happened with AUS/USD. It could not break 1.0200. And the biggest dissapoinment USD/CAD. Even though the Dow Jones was down 150 points, it was not enough force to drive the USD dollar index bullish. Could this be the beginning of a double dip recession in United States. Can the dollar lose its international status as the main currency around the world? Watch out, the USD/CAD pair could continue dropping far more. Unless, Canada decides to intervene the lonnie.
The situation in Lybia makes the Oil continue climbing. So, people fear for oil shortage. Thus dollar continue being theartened to drop much more. The question is: Are people around the world worrying more than they are suppose too? Lybia is not the major oil producer around the world. And also, Saudia Arabia has mentioned already that will take over any oil problems over. What do you think?
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