It’s becoming a familiar tale – further dollar weakness. The greenback fell to 14 year lows against the Yen, following reiterations that US interest rates will remain low and that the FED aren’t overly concerned with the decline, calling it orderly”.

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Market News

  • Dollar weakness was exacerbated by the Russian central bank saying that they were prepared to invest some of their Foreign Exchange Reserve in the Canadian Dollar
  • The FT reported that some analysts feared that the dollar may weaken further if the FDIC is forced to seek a credit line from the Treasury. The FDIC reported on Tuesday that the number of problem banks grew in Q3
  • Be aware of the Thanksgiving break in the US

Major Economical News

  • No Major Announcements