US Dollar Strengthening Rapidly
Today’s trading has the dollar stronger than $1.47 against the euro. It started the week in the neighborhood of $1.53. Oil is down around $111 and gold is below $800. I told you folks that this shift would be rapid, once it got started.
Emerging Theme in Financial Markets: The US Dollar is Getting Stronger
A vast movement involving enormous amounts of capital is now underway. Investors around the world are buying dollars again. And they’re selling the oil, gold and other commodities that have been serving as a hedge against dollar weakness since the Federal Reserve started aggressively cutting interest rates eleven months ago. As I write, the US dollar is trading above $1.50 to the euro. The dollar’s | Read More »