Monday, August 11, 2008

King Dollar Summer Rally Continues!

Since the most recent low on July 15 of 70.0318, the U.S. dollar index (vs. major currencies) has increased by 6.2% to close today at 74.3478 (see chart above).

2 Comments:

At 8/11/2008 7:51 PM, Blogger 武小天 said...

It's weird,what is the reason behind rally?

 
At 8/11/2008 9:08 PM, Blogger K T Cat said...

I'd like to know that, too. The slope of the curve looks like a speculative bubble is bursting.

 

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