All Posts Tagged With: "greenback"

Strong Dollar Rally Causes Gold Prices to Tumble

Gold prices tumbled below $800 per ounce for the first time since late 2007 Friday, as the continuing U.S. dollar rally sparked an across-the-board retreat in commodity prices.

Gold closed Friday at $792 an ounce, a decline of $22.40, or 2.75%.…

19Aug2008 | Money Morning | 0 comments | Continued

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

U.S. Energy Prices and the Declining Dollar

On the energy front, we’ve seen several days of declining prices. Oil has led the way, falling from about $146 to $126. Coal and natural gas sold down, as well, as did many energy companies and service firms.

So we’ve seen…

25Jul2008 | Energy and Oil | 0 comments | Continued

Fed Chair Comments Boost Greenback

U.S. Federal Reserve Chairman Ben S. Bernanke came out in support of a stronger U.S. dollar yesterday (Tuesday), indicating the Fed would remain on pause at its next meeting.

Speaking via satellite at the International Monetary Conference in Barcelona, Spain, Bernanke said the…

4Jun2008 | 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