Dollar & Forex
Dollar Flat Amid Dreadful Data
In the currency market, the dollar was little changed vs. the euro. Late Friday, the euro was trading at $1.4231 vs. $1.4236 on Thursday.
Dollar Continues to Squash Euro
In the currency market, the dollar’s assault on the euro continued. Late Thursday, the euro was trading at $1.4326 vs. $1.4508 on Wednesday. What’s happening seems less a rally on the part of the buck as it is a complete deterioration of the common currency.
Dollar Returns Early Gains
In the currency market, the dollar was unchanged against the euro. Late Wednesday, the euro was trading at $1.4508 vs. $1.4507 on Tuesday. Earlier in the day, the euro had fallen to a seven-month low of $1.4384. The buck also hit a one-year high of $1.0748 against the loonie before easing, and rose to $1.7776 vs. the British pound, which was over $2 in July.
Russell McDougal Says Too Much Debt Puts Dollar on Death Row
Russell McDougal at Investor’s Daily Edge says there is too much dollar-based debt that can’t be paid back for the buck to survive in its present form. Another Nixonian dollar default is coming, this time via hyperinflation. And the same people who have sentenced the greenback to death will be launching its replacement, the Amero.
Dollar Gains on Euro
In the currency market, the dollar rose against the euro. Late Tuesday, the euro was trading at $1.4507 vs. $1.4696 on Friday. Earlier in the day, the euro had fallen to a fresh six-month low of $1.4465.
What the Big Mac Index Says About the Dollar
Andrew Gordon in Investor’s Daily Edge says The Economist’s Big Mac Index shows that the most overvalued currencies are currently all European. And the world’s most undervalued currencies are mostly Asian. It also signals that the dollar is overvalued against its Asian counterparts…
Dollar Gets Bump from Consumer Confidence
In the currency market, the dollar rose against the euro. Late Friday, the euro was trading at $1.4696 vs. $1.4727 on Thursday. The buck strengthened as crude pulled back from highs notched on the back of hurricane fears. Currency traders, who seem to become irrationally exuberant over the vaguest hint of dawn breaking in the dead of night yesterday seized upon a tiny up blip in consumer sentiment.
Dollar Gains Against Euro
In the currency market, the dollar rose against the euro. Late Thursday, the euro was trading at $1.4696 vs. $1.4727 on Wednesday.
Dollar Drops
In the currency market, the dollar sank against the euro. Late Wednesday, the euro was trading at $1.4727 vs. $1.4644 on Tuesday.
The Amero Currency Means Ultimate Loss of Sovereignty for U.S.
Canada, the U.S. and Mexico are destined to be one more major currency block, under the proposed Amero. Russell McDougal in Investor’s Daily Edge says it’s a plan cooked up by elitists. And it’s only one step away from the loss of national sovereignty…
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