U.S economic outlook remains bleak despite Obama’s ambitious housing program.

The dollar traded a mixed day yesterday as a flurry of economic data and a new program aimed at curbing the freefall of the housing market was announced by President Obama. The dollar rose against the Euro, Swissy and Yen on news that a $75Bn housing program would be set in motion in a bid to secure the very sector that spawned our current global slowdown in 2006. The dollar posted strong gains