Both the Aussie and New Zealand dollars were up against the greenback. These two are probably not rising because they are commodity currencies. The strength of commodities versus the U.S. dollar is only relative at the moment. But the interest rate differential might be a factor. The Federal Reserve Open Market Committee meets in America today. Read on…
December 16th, 2008 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "Oil and Gold"
Fed is Trying to Keep the Money and Credit Moving: Commodities, Food, Oil and Gold
The Fed is trying to keep the money and credit moving. But it is going where it wasn’t supposed to go – into commodities, food, oil and gold. Still, the experts can’t see it. Instead, they read the polls, watch the TV, and come to the wrong conclusion.
May 7th, 2008 | Bill Bonner | 2 comments | Continued