We're seeing the U.S. dollar intermission downwardly versus the euro (top chart) as well as stone oil (bottom chart) intermission to the upside, amongst aureate making multi-week highs every bit well.
With depression involvement rates as well as rise national debt, the dollar is non every bit attractive every bit a currency, with several countries expressing involvement inwards farther diversifying their reserves. With the Fed contemplating farther "quantitative easing", the marketplace position fears that the dollar printing press volition endure working overtime. That is lending back upwardly to commodities denominated inwards dollars.
.
No comments:
Post a Comment