Thursday, May 21, 2009
Day Of Reckoning Looms For The U.S. Dollar
From The Financial Post:
The U.S. dollar's day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks - debt and inflation - are brought under a harsher spotlight.
Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a "serious case of dollar damage" was underway.
"We long warned about the day of reckoning for the dollar emerging at the next economic recovery," Mr. Laidi said in a note.
Read more ....
My Comment: I have seen my Canadian dollar holdings (I am a Canadian citizen) go up by 10% in just the past month. Hmmmm .... something is afoot.....
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment