Although from a purely financial standpoint, Kwag’s got a point. As a proxy, let’s look at the U.S. dollar -- it can’t catch a break! Since last week’s brief dollar rally sputtered, the trade of the day -- every day -- this week has been sell :
Aside from a spit of buying early this morning, the dollar index is again nearing its all-time low. The index trades at 71.5.
The euro reached as high as $1.58 last night, but has since lost about a cent. The pound, enjoying a few rare gains, is now back to $2.01. The Japanese yen will cost you one U.S. penny today.
Aside from a spit of buying early this morning, the dollar index is again nearing its all-time low. The index trades at 71.5.
The euro reached as high as $1.58 last night, but has since lost about a cent. The pound, enjoying a few rare gains, is now back to $2.01. The Japanese yen will cost you one U.S. penny today.
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