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Why the US dollar is still resilient

Posted on 23 March 2009

From Indiatimes.com: Trillion-dollar bailouts, trillion-dollar deficits, and the largest spending bill in US history. No matter how dire the news out of the US, the dollar strengthens. It has carried on rising in spite of new bailouts for two leading financial institutions — Citigroup and AIG — a catastrophic fall in US gross domestic product and more dreadful news about the US housing market.

The dollar has risen 10% against the euro so far this year, and by 7.4% against the yen…..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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