The dollar is taking a dip amid reports that the Obama administration is considering some sort of 401k bailout scheme. As the holder of a greatly diminished 401K, I’m interested in hearing details, but it seems like the market is suffering from bailout fatigue. Every new program just adds to the deficit, something we can haedly afford at this juncture.
EUR/USD has rallied to 1.4370 and GBP/USD to 1.6000. USD/JPY is at 92.65 from just above 93.00 at its best post-NFP levels.
