Big move in forex & commodities
Lots of fun ongoing in Western markets: Dollar Delight
Today the Dollar is having its best day since July 2005 with a gain of 1.167%.
Most hosed is the Euro, followed by crude oil & copper, silver and finally gold; here are the highlights -
The euro fell the most in almost eight years.
The Russian ruble fell by the most in 2 1/2 years against a dollar-euro basket.
Light, sweet crude for September delivery lost $4.03 to $115.99 a barrel.
Gold futures for December delivery fell $16.30, or 1.9 percent, to $861.60.
Silver futures tumbled more than 5% to 2008 lows.
Dollar bears & oil bulls are re-learning this lesson: The trend is your friend, until it bends! ![]()
Related Posts:
