All Posts Tagged With: "dollar rally"

Turbulence in the European Economy Sparks a Dollar Rally

The U.S. greenback surged Friday, capping off the biggest weekly dollar rally in three and a half years, as the euro slumped on speculation the European economy would continue to weaken.

The euro fell as low as $1.5008 Friday afternoon, dropping…

11Aug2008 | Money Morning | 0 comments | Continued

How Will We Know the Credit Crisis and Banking Fiasco Are Truly Over?

How will we know the credit crisis and banking fiasco are truly over?

We won’t.

But there’s a damn good indicator that will show us the way - the London Interbank Offer Rate, usually referred to as LIBOR.

And right now LIBOR tells…

12Jun2008 | Money Morning | 0 comments | Continued

A Currency Conundrum: Beware of the U.S. Dollar’s “Head Fake” Rally

Don’t mistake the U.S. dollar’s recent rally for strength. If anything, it’s a head fake of legendary proportions.

In fact, the dollar’s recent run-up is actually a warning that risks are escalating.

To better understand what I mean here, let’s look at…

8May2008 | Money Morning | 0 comments | Continued