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US on brink of double dip

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    US on brink of double dip

    Dollar tipping over the edge as traders eye US double-dip - Telegraph

    Equity markets plunged and the dollar dropped to a seven-month low against the yen and slid further against the euro as fresh data showed US home sales collapsing, manufacturing activity troughing and unemployment on the rise. The figures, which come alongside growing evidence that the US recovery is stalling, sparked speculation that the dollar, which has retained much of its strength through the financial crisis, could now have passed its peak.
    SDR's anyone?
    Knock first as I might be balancing my chakras.

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