Dollar Takes a Hit Despite Good News! --IFCN Wk 31 -Fri- Equity: $729.65

Eur/Usd jumped to new weekly highs after the data on exports and imports was released. And, although the information released was actually fairly bullish for the dollar, the dollar dropped heavily against all major Forex currencies because of solvency concerns for Fannie Mae and Freddie Mac agencies.Ben Bernanke is testifying to the US Senate next Tuesday, July 15th, for a semi-annual release