Dollar Collapse Ahead!?

US Commerce Department has released dim numbers for US growth in the first quarter. If you consider that the economy has to grow at a rate of 2.5% just to create enough jobs to accommodate a growing population and more efficient workers, thats not good news for unemployment. Peter Schiff, president of Euro Pacific Capital weighs in.

Forex News Video Recap (10/8): Dollar Extends Weakness Post-NFP

A weaker than expected US non-farm payroll report gave more fuel to expectations that the Fed will begin some form of quantitative easing soon. That pressured the US Dollar against its major rivals. The USD/JPY sliced through the 82 level, pushing to fresh 15-year lows. Other higher yielders cut their earlier overnight losses to the Dollar.

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Forex Market Analyst: Nick Nasad