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Commodities Briefing - Categorized | Currencies, Market Moves more

US dollar makes comeback, ‘bucking’ world downturn

Posted on 30 October 2008

From IHT: The stock market is in shambles, credit markets are squeezed and corporate earnings are falling. But one piece of the mangled U.S. economy is making an improbable comeback: The once-almighty dollar.

As the financial meltdown clobbers world economies from South America to Asia, investors desperate for safe assets are plowing money into the battered buck — helping it snap a six-year slide and reclaim its long-held status as a stable asset during rough times….. Full Article: Source


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VRS - who has written 36151 posts on Opalesque Commodities Briefing.


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