Archive for August 15th, 2008

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