Dollar is on defensive amid subprime shakeout

--The snowball effect of U.S. subprime-mortgage problems keeps barrelling forward, and that is likely to extend the dollar's recent decline into this week (July 23rd) --risks are continubing to build and you are probabaly going to see the dollar back under pressure --what is devloping is an escalation of problems in subprime markets and know-on effects on other credit markets --potential saviors for the dollar are rebounding Q2 U.S. economic growth from the A1 2007