With some currency traders expecting the Fed to push rates higher to combat inflation, the dollar has seen recent strength. But will that strength last long enough to reverse the multi-year long dollar downtrend? It’s highly unlikely. Since March, The U.S. Dollar Index (NYBOT: DX) has been consolidating between the 70 and 74 cent range. Since mid-July the dollar has mounted a strong rise to the top of this range. But with the continued risk of more foreclosures, multi-billion dollar…
The Dollar Is Going Down, Baby - The US Dollar Index was up 0.38 percent last week. Its strength helped bring the price of crude oil
This entry was posted
on Tuesday, September 30th, 2008 at 1:29 pm and is filed under Newsletters.
You can follow any responses to this entry through the RSS 2.0 feed.
You can skip to the end and leave a response. Pinging is currently not allowed.