What’s next for the dollar?

By Axel Merk
Asia Times
Feb 5, 2010

The United States Federal Reserve’s Open Market Committee (FOMC) is sticking to its course for phasing out the additional purchases of mortgage-backed securities (MBS). Notably, however, in its statement released on January 27, reference to an improving housing market was omitted after recent bad news about the sector.

The Fed rarely puts much weight on a month’s worth of data, be they good or bad; few have ever accused the Fed of being “ahead of the curveâ€