Dollar Stable as Bernanke Speaks Again
Jun 5th, 2008 | By Doug Casey | Category: US Dollar & Forex TradingIn the currency market, the dollar edged lower against the euro. Late Wednesday, the euro was trading at $1.5435 vs. $1.5434 on Tuesday.
In the currency market, the dollar edged lower against the euro. Late Wednesday, the euro was trading at $1.5435 vs. $1.5434 on Tuesday.
The Brazilian ethanol export market is rapidly expanding because of sky-high oil prices. While American corn ethanol is widely regarded as a boondoggle, existing solely because of government subsidies, Brazilian ethanol has proven beneficial for the environment and for business.
A month ago, I wrote an article here in the A-Letter detailing the global food crisis. According to data from the World Bank, global food prices have soared 83% in the past three years alone.
I really should start hanging out with Jean-Claude Trichet, the president of the European Central Bank (ECB). We’ve got so much in common. Maybe I’ll ask him if he fancies a pint next Friday.
Oil soared to yet another record high on Friday after Goldman Sachs Group Inc. (GS) raised its price forecast for the second half of the year.