US unemployment remains high and recent meetings by Mr Obama suggest that he might be preparing for Stimulus 2.0 . Yeap , with double digit jobless Obama is going to play the stimulus game again. That means more spending for US Dollar and hence cheaper dollar. Can recent strength in dollar survive for longer term. I don't think so.

American Banks are returning that TARP money to get out govt control and get the liberty they want. But nowhere the previous stimulus helped the job market. Surely it did helped shareholders of those Banks and many other corporations.

Dollar fell by 16 paisa on Thursday and closed near day’s low even as
equity indices failed to sustain higher levels and fell during later
part of the day USDINR futures opened the day at 46.34 and closed at
46.18 as equity indices climbed to touch 5181 levels but gave up the
gains soon after and closed at 5131 levels.

The main event of the day was ECB’s interest rate meeting which was

MCX-SX Currency futures saw a trading volume of Rs 71,424.3 million arising out of 1,537,397 contracts.USDINR Oct. 28, 2009 was the most active currency future contract traded today recording volumes of 1,177,571 contracts valuing Rs 54,676.4 million. MCX-SX Currency futures saw a trading volume of Rs 71,424.3 million arising out of 1,537,397 contracts.

Dollar is rallying against major currencies in world market recently. Is bottom reached for American greenback ?

I am sure dollar will affect some indian stocks not all. But how ?