Mortgage Giants and the Dollar: A Broadening Connection

July 15, 2008

My previous posting today intimated that the knee-jerk reaction of the dollar to movement in oil prices could soon be joined by a second connection to news about Fannie Mae and Freddie Mac.  If this connection becomes fully hard-wired in currency market sentiment, U.S. authorities will have further reason to fear a collapse in these mortgage lenders.  Currency analyst Dean Popplewell writes today about this tightening linkage. See what he’s saying.



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