The U.S. Dollar Rally is not based on fundamentals. The difference in interest rates is surely not driving the dollar rally (unless you believe the Fed is done cutting rates and the ECB will soon begin). U.S. rates, adjusted for inflation, are negative. And it’s certainly not U.S economic growth driving the buck. While the Saudis ride the increase in the oil price to 5% annual growth, America is barely growing at 0.6% in the first quarter, if the official GDP figures are to be believed.
May 2nd, 2008 | Dan Denning | 3 comments | Continued Our DR Global Editions: 
Sunday, November 22nd, 2009
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2009-11-20 00:47 Most Comments
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Good work Winkinatcha.
I tend to favour against dollar rally...even though its on cards once again. Been waiting for a freefall ...
Lachlan Scanlan | 21Nov09 | More -
there's some rumblings going on lads.
Check it:
http://www.marketwatch.com/story/ice-investigating-spike-in-dollar-index-futures-2009-11-20
;)
winkinatcha | 21Nov09 | More -
"Goldman also received $10 billion of capital from the U.S. government in October 2008, under the Troubled Asset Relief Program."
In ...
Don | 21Nov09 | More -
3m UST bills turn negative, again! Apparently, they did routinely during the Great Depression, though Bloomberg reports "Treasury bills turned ...
Justin | 21Nov09 | More -
Yeah Ned I think it was Wierd Al who wrote a song about Prozak and his dealings with Biker....
"I know ...
Lachlan Scanlan | 21Nov09 | More -
Ever watched a dead cat bounce?
Dan | 20Nov09 | More -
Hey Biker ... Where are you? DR's gotten a bit boring lately mate. Even Prozak seems to have lost a ...
Ned S | 20Nov09 | More -
Agreed my friend - In a sane world one doesn't have to be a "rocket scientist" to have a chat ...
Ned S | 20Nov09 | More -
Ned, just that point about the world thinking immorality pays off ... actually not really. Big business knows immorality causes ...
Dan | 20Nov09 | More -
Well a society can prosper without needing a "finance industry" like the one the US has (although in all honesty ...
Dan | 20Nov09 | More
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Good work Winkinatcha.
I tend to favour against dollar rally...even though its on cards once again. Been waiting for a freefall ...
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