Tuesday, September 22, 2009

Can Dollar Find a Bottom?

The US Dollar fell to new lows for the year as investors, spurred on by news of improving global economic conditions, continued to shift away from the greenback seeking higher returns offered in other currencies. As mentioned several times in the past month, US interest rates continue to remain low, held down either by government intervention or just a plain lack of confidence in the US economy. This is despite the fact that the stock market has risen dramatically, giving a totally different opinion of the economy.

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