Wednesday, July 23, 2008

“Strong Dollar, Strong Dollar, Strong Dollar” - Yeah right

You can almost set your watch by the completely expected parade of talking heads which graced our ears and eyes this morning. The reason for the “sudden appearances” of Paulson and Plosser are obvious. The Dollar made its LOWEST CLOSE in two months in yesterday’s session and was sitting barely a half a cent above an ALL TIME LOW in the USDX chart.

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11-5-2024

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