Dollar Daze

Wednesday, December 10, 2003 | 05:56 AM

butt ugly Chart of the Week:
The U.S. Dollar continues to weaken versus a basket of other currencies. While this may be a net positive for exporters, nearly half of U.S. debt is held by foreign governments.

U.S. Dollar Index (CEC) Daily Commodity Futures Price

The U.S. Treasury keeps discussing their “Strong Dollar Policy”, but its said with a “wink-wink, nudge-nudge” worthy of Monty Python. What could reverse the long-term downtrend? If the Fed raises rates, or the U.S. deficit issues get resolved, or if the Current Account Balance improves, would certainly help.

The Capital Spectator

Wednesday, December 10, 2003 | 05:56 AM | Permalink | Comments (0) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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