U.S. Dollar In for Some Tough Months Ahead

Wednesday, May 20, 2009 2:09 PM

By: Sean Hyman

The more I read the headlines these days, the more I can see how the sentiment will turn more negative for the dollar in the coming months.

Here are some of the recent factors that are starting to sour things for the dollar.

GM is dumping 42 percent of its car dealers and Chrysler is dumping 25 percent of its dealers. Now, I’m sure Japan carmakers like Toyota, Honda, and Mazda love this.

Since our biggest American icons are having such difficulties, it encourages money to look elsewhere for investment. As each passing day goes by, investors are reminded about how bad things are. This really hurts the sentiment out there and encourages “dollar investorsâ€