Money & The Economy

Dollar Strength Set to Continue

alg-american-flag-money-jpgThe U.S. Dollar has been on a huge upside run for months, and depending on Friday’s jobs numbers, may continue to dominate the currency market.

Chinese PPI (Producer Price Index) grew at only 3.3% indicating a cooling in the Asian economy.

Chinese property developer Kaisa Group Holdings has defaulted on $52 Million dollars in U.S. Dollar denominated debt and indicated that they may not be able to pay on additional debt.

A singular default would not normally be newsworthy – except that NO Chinese company has EVER defaulted on a U.S.D. denominated loan.

Friday morning we see if the U.S. economy is continuing to create jobs or takes a step back.

If the jobs number comes in above 250,000, the dollar surge will continue as more investors flee Asian, European and new economy currencies for the security of the U.S. Dollar.

If the BLS numbers come in less than a quarter million, expect the dollar surge to slow as investors will cease to see the United States as a safe haven in a global slowdown.


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Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

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One Comment

  1. The key word…IF…the numbers bring the investors home and ‘if’ the manufacturers follow suit, we will again have the strongest economy that will be envied. Cross your fingers and get down on your knees with hands folded in prayer….We ARE the most exceptional Nation…let’s act like it!

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