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 | ContinuedHow 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 | ContinuedA 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-
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