Re: Why will the dollar rally?
I think the nonfarm payrolls will decide where the dollar heads next. When I traded FX, I always saw nonfarm payrolls as a very volatile moment in the currencies.
If nonfarm payrolls are up, I expect the dollar to rally. My prediction is that nonfarm payrolls will be up this month and we could see a pullback in the EURUSD. I don't think that would be the bottom of the dollar fallout, but I think it could be a break among all the terrible news of the subprime crisis.
**I could be totally wrong, so take my prediction for what it is worth.
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