U.S. Dollar On the Verge of Becoming a Problem Currency Again

The Dollar buckled again Thursday after wading knee-deep into losses against all majors in moves that risk making it a global problem currency, sooner or later and once again, as upbeat investor sentiment and Federal Reserve (Fed) policy contribute to rout that has deep-seated economic problems as its foundations. Dollars were sold widely and bucket load on Thursday, pushing many major currencies to multi-year highs against the greenback, in moves that were attributed by some analysts to a possibly-imminent agreement in Washington to cough up more financial support for American households and companies. But there … (full story)

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