Saturday, September 13, 2008

US Dollar Index

Today's intra-day decline of 1.37% in the US Dollar index would make it the 15th worst one-day decline for the currency over the last ten years. However, as shown in the chart below, today's declines haven't even put a dent in the uptrend that has been in place for the currency since its rally began on July 15th.

Dollar912

Worstdollar_2

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.