-
Dollar makes modest gains after Beige Book
Wednesday, December 2, 2009 - 4:55pm
The US dollar made small gains after the release of the Beige Book. U.S. stocks withdraw slightly after the report but are still mixed. EUR/USD fell to 1.5035 from 1.5050. USD/JPY rose from 87.22 to 87.35. According to the Federal Reserve economic conditions improve modestly. The dollar rose a...
Read More >> -
5 Day Dollar Bounce Hurting Commodities, Gold, and Equities (GDX, UUP, CRBQ)
Tuesday, October 27, 2009 - 9:38pm
The inverse relationship between the US Dollar and the equity market continued to be a major driver of markets over the past 5 days. While the PowerShares US Dollar Bullish ETF (NYSE: UUP) is up slightly over 1% since Wednesday, the S&P 500 is down 2.5%. One can see the high inverse...
Read More >>
