Friday, May 16, 2008

This Feels Like Something Significant Today

There is powerful movement in the financial markets today. Much appears to be related to a plunging US Dollar, as commodities are universally higher and the Dollar is taking a bath. Note here these charts this morning for three major currencies. Of course, when these move rapidly higher, the Dollar plunges. Many other currencies are also higher against the Dollar; these only only three examples.

Euro
Yen
British Pound