Thursday 17 March 2011

USD looks tired...safe haven no more?

The USD has been weak for some months - barely able to rally. The recent "risk off" seen in the markets, linked to the Japanes earthquake, has not flown through to USD strength. Something is wrong. As I type it is nudging 76 on the index. It will fall - it must. The only/last hope to keep rates low. It is now 75.86! A close under 76 over night and another leg down may be upon us.

Gold is at $1,401

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