U.S. Financial Market Turmoil Continues to Beat Down Dollar

By James A. Hyerczyk
10 July 2008 @ 06:12 pm EDT

Thursday saw another round of U.S. financial market turmoil as problems surrounding Fannie Mae and Freddie Mac continue to dominate the news. These two stocks were down from the opening, dragging the rest of the market with them. Another down day in the stock market caused by the relentless financial crisis quickly spread to the Forex markets as Bernanke and Paulson could not find a time or a place to say anything positive about the situation or the Dollar.

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