Tuesday, September 22, 2009

U.S. Dollar Index Plunges to Yearly Low

Dollar Collapse
The U.S. dollar index plunged to its lowest level, as well as against the Euro. The U.S. dollar index tracks a basket of six currencies against the U.S. dollar.

This will continue because of the misguided steps of the government and the Federal Reserve to print money and bailout the banking industry, AIG and the auto industry; money it really doesn't have, and which our children and grandchildren will pay for for decades.

In response, commodity prices rose as investors looked for higher returns, starting to believe they can add a little more risk to their portfolios, possibly wading in too early, as there really isn't much data to justify the assertion by Federal Reserve Chairman Ben Bernanke that the recession is over.

Dollar Collapse

No comments: