Dollar stength

Discussion in 'Trading' started by just21, Sep 21, 2008.

  1. just21


    Why is the dollar stronger tonight, except against yen? I f 7-800 dollars are being exchanged for mbs shouldn't dollar be weaker?
  2. sprstpd


    People expected 900 dollars for mbs?
  3. Because the USD has been propped up since mid July
  4. I find it comical that the statement above has become the fallback phrase when people don't understand what is happening.

    "Oh yeah that news is already priced into the market, it was expected."

    Then a couple weeks later the tone changes when the market turns negative. "Maybe that news wasn't priced into the market."