Friday, December 11, 2009
The US Dollar posted strong gains this week perhaps reflecting optimism in the economy. Or is it that the dollar had just gotten oversold and other asset classes such as gold - overbought? Or did rising interest rates cause a move back into the dollar.
Utility stocks moved higher, with the index being the star performer of the week, gaining close to 4%.
Major US stock indices closed slightly higher, maintaining the year's. Foreign stocks, hard assets and bonds moved lower.
WINNERS AND LOSERS FOR THE WEEK