US Dollar: Will We See A Reversal Early Next Week?

Japanese Yen Trades Choppily As Financial Markets Remain Extremely Volatile US Dollar: Will We See A Reversal Early Next Week? Flight-to-safety triggered major gains for the US dollar on Friday, as volatility remained exceptionally high in the market. In fact, the CBOE's VIX Index surged to a record high as Moody's Investors Service said that they may cut their rating on Morgan Stanley, stoking already-high anxiety amongst traders about the health of financial and serving to create the perfect storm to spur selling in the equity markets. Indeed, S&P 500 experienced its worst week since 1933 and the DJIA had its worst week ever, and given these massive losses, the New York Stock Exchange and Nasdaq Stock Market will reportedly try to impose a temporary ban on short sales for individual stocks that falls at least 20 percent for... [read full story]