Savings Experiment: Snow Removal
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Wednesday's Fed minutes signaled that it would start undoing some of its emergency support measures, some of them in February 2010.
The news started speculation that the Fed may raise interest rates sooner than later. Just this whiff of a change in policy has turned the markets upside down.
The March U.S. dollar contract traded at 78.08, up .745. (the U.S. dollar is traded against a basket of currencies). Gold, which had been strong Wednesday, tumbled to $1,190 per ounce, down $20.20 per ounce (prices as of 9:30 EDT).
Also helping the dollar were stronger data on the U.S. economy.
The financial troubles in Greece also helped the dollar. When one country in the European Union is weak, it tends to pull the euro down with it
Given the stronger U.S. economy and the Fed willing to end its support measures, you have the trigger for a strong dollar rally. How long it lasts is anyone's guess.
Would you buy the dollar at these levels?
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
