Thursday, August 07, 2008

King Dollar Makes A Comeback

The U.S. dollar index for major currencies (data here) came close to a 6-month high yesterday, reaching the highest level since mid-February. Forward markets are pricing the dollar at $1.9071/BP (+2.24% premium) and $1.5166/Euro in one year (+1.64% premium), vs. $1.9507/BP and $1.5419/Euro currently.


At 8/07/2008 7:55 AM, Anonymous Anonymous said...

Forward markets can change their mind at any time. "Dollar is debased" Jim Rogers


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