Is USD out of the blues

Friday April 4 we see the release of the nonfarm payroll and unemployment rate of the US economy.

Compare to last month, the nonfarm payroll runs into a -80,000 jobs and an increase in unemployment of 5.1%. These figures give more evidence of an US economy entering into a recession or in one if not. Surprised the USD is holding itself well with the stock market getting off its earlier loss on friday and end the week with a little loss. Not bad.

For a start, being the FOMC meeting at the end of the month, it is likely that the market will move into more volatile area as the date approach. Observations has shown the week before the Fed meeting to announce the interest rate, the market will move into negative zone. Whether if this is fundamental support or just an observation made during this period, one thing is for sure, The USD is in a bad shape and unless something is done big and quick, we are looking at a Asian economy crisis. Only this time, the whole world economy is in trouble and will most like start a 10 years cycle of inflation. (the last 10 years was deflation period)