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UsDollarRally posts

U.S. Dollar Hits Three-Month Euro High

Posted Dec 17th 2009 1:40PM by Connie Madon (RSS feed)
Filed under: Good news, Market Matters, Economic Data, Commodities, Headline News, Federal Reserve

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).

Continue reading U.S. Dollar Hits Three-Month Euro High

US dollar rallies; stocks and commodities fall sharply

Posted Oct 26th 2009 2:20PM by Connie Madon (RSS feed)
Filed under: Major Movement, International Markets, Indices, Market Matters, Commodities, Oil, Headline News, Agriculture, S and P 500, DJIA

Wow! What a difference a few hours makes. At the beginning of trading today stocks and commodities were steady. Then as the morning wore on, the US dollar strengthened and it all broke loose. Let's look at the numbers: (as of 1:29 EDT)

US dollar December futures contract traded at 76.125, up .525 (the US dollar is based on a basket of currencies.)
December euro is at 1.4866, down .0134
The December S & P contract is down 10.60 at 1066.30
December crude oil is at $78.40 per barrel, down $2.10
December 30 year bond is at 118.10, down 23.
December wheat is at 530.6 down 17 cents (each penny equals $50.00)
December gold is at $1043.40 per ounce, down $13.00 (each $1.00 equals $100.00)