Between the stunningly bad jobs report and the mess in Europe, investors have more than their share of reasons to avoid risk. Here's how.
There's an ugly contest on between the euro and the dollar. Since today's report of no job growth in August, interest rates have been falling along with the dollar as investors question whether the Federal Reserve will take new dollar-denting steps to boost the economy.
Meanwhile in Europe, resistance to the bailout plan is building, and as economic reports indicate more weakness, there is talk of interest rate cuts before the year is out - which could provide some downside pressure on the euro, says Willie Williams, a currency analyst at Societe Generale.