Dollar Falters as Commodities Surge

January 11, 2010

The dollar overnight lost 1.0% against sterling, 0.8% versus the euro and Australian dollar, 0.7% against the Swiss franc and kiwi, and 0.4% relative to the Canadian and Japanese currencies.  Japanese markets were closed for Coming of Age Day. Gold prices jumped 1.7% to $1157.80 per troy ounce, while oil advanced 0.9% to $83.52 per […] More