More Than A Number

In anticipation of a billion-dollar stimulus plan announced by President-elect Barack Obama, the dollar surged to a three-week high against the euro in forex trading in early January. The greenback also advanced against the Japanese yen, the Swiss franc, and the Danish krone. Andrew Wilkinson, a senior market analyst with Interactive Brokers Group, Inc., told Bloomberg, “America was the first one that got into this mess and will be the first country that drags itself out.”

Matt Esteve, a forex trader at Tempus Consulting Inc. agreed with Wilkinson, saying, “The U.S. economy is best set for recovery in 2009. I am very bullish on the dollar throughout 2009.”