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The dollar plunged on Monday after G-20 finance ministers did not address the dollar slide and agreed to maintain the stimulus programs for the foreseeable future. Full Article at International Business Times
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NEW YORK - The Dow Jones industrial average hit its highest level in more than a year yesterday as a falling dollar boosted prices for gold, oil, and other commodities. Full Article at Philadelphia Inquirer
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The Australian dollar opened half a cent higher this morning after trading at over 93 US cents overnight following strong performances in equity markets, a surge in the gold price and a weaker US dollar. At 7am, the Australian dollar was trading at 92. Full Article at The Age
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The dollar weakened broadly on Monday, pushing the euro above $1.50, after a weekend G20 meeting and U.S. jobs data last week did little to alter the view that U.S. interest rates will stay low for some time. Full Article at International Business Times
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Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Full Article at The Washington Post
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established itself above the psychological (1,100-dollar) level this morning as ministers at the weekend G20 meeting pledged to maintain their fiscal stimulus measures
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It is difficult to see this policy mix as anything other than a recipe for continued dollar weakness, particularly when we add the familiar absence of concerted plans for cooperative, corrective action by the G-20
