Foreign Exchange Insights and Next Week
Foreign Exchange Insights: August 15th
August 15, 2008
The dollar experienced another very strong week, reflecting increasing pessimism about other economies. Dollar strength and commodity price weakness were both cause and effect to one another. Although Russia’s incursion into Georgia underscored the limitations of U.S. diplomatic and military power, Europe and not the United States was put in greater economic and geopolitical peril, […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad: Gold Down Sharply as Dollar Extends Recovery
August 15, 2008
Gold hit an intra-day low of $787.1 per ounce and is off 2.7% on balance today and down some 24% from its mid-March record high. Silver fell even more sharply today than gold. Copper is way down as well. Commodity weakness and dollar strength are reinforcing one another. Dollar uptrend continues to feed off weaker […] More
