Wednesday, August 13, 2008

King Dollar Summer Rally:Index Hits 10-Month High

The U.S. dollar index (major currencies) reached a 10-month high today at 74.4614, the highest level since October 9, 2007.

5 Comments:

At 8/13/2008 11:02 PM, Anonymous Anonymous said...

Isn't October to August a 10 month period, not 6 months?

 
At 8/13/2008 11:28 PM, Blogger Mark J. Perry said...

Anon: Thanks, it's fixed.

 
At 8/14/2008 4:43 AM, Blogger OBloodyHell said...

> You're in the pocket of Halliburton, I just know it!

Better than to be in the pockets of the World Wildlife Fund, innit?

You recall what happened to the last guys that were there, doncha?

I think they called 'em "Brontosaurus", "T. Rex" and names like that.

 
At 8/14/2008 1:27 PM, Blogger bobble said...

king dollar?

maybe the duke of earl dollar. it has a long way to go.

if you wanted to show the true dollar condition, you would publish a long term chart


btw. wow, bush has really destroyed the dollar during his term

 
At 8/15/2008 5:31 AM, Blogger Barry Ritholtz said...

Here's another long term chart of the greenback --

In President Bush ist year in office, it hit $121 . . . it has recently rallied up to $75

So to address what another commentor asked -- yes, W's administration hasd significantly debased the US dollar. It has lost nearly 40% of its purchasing power.


See this 2000-2008 chart

http://www.tfc-charts.w2d.com/chart/US/M

 

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