For all the negative fundamentals the dollar ended the week only 150 points lower against the euro.

The economic standstill suggests that the Fed will have to continue easing rates for at very minimum through the first half of 2008

The one ray of sunshine on the US economic calendar was the better performance in exports which helped pull the ISM Manufacturing above the 50 boom/bust level. The news may help boost the reading for Factory Orders and ISM services this week which could help the dollar recovery, but if the data misses to the downside, the last of the dollar bulls may throw in the towel and the greenback could be headed to all time lows.