Thursday, December 11, 2008

Euro Rises, US Dollar Slumps

US Dollar Index futures: Euro futures:

The Dollar rise of the past few months appears to be coming to an end, with the Euro at its highest level since summer, and the Dollar slumping. It is also leading to renewed signs of price floors for many commodities also. Gold rose more than $35 yesterday, after having increased for the fourth day in a row!