The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now...


The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now spiked through ¥100 to ¥100.56). The greenback is threatening parity vs. the aussie (FXA -1.1%) for the first time since last summer, and the euro (FXE -1.1%), swissie (FXF -1.4%), loonie (FXC -0.5%), and pound (FXB -0.6%) are seeing sizable declines as well. Commodities? Red. Gold (GLD -1.1%), Silver (SLV -1.2%), Oil (USO -0.6%), Copper (JJC -0.8%).
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Comments (5)
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    King Dollar...and all without having high real interest rates...
    9 May 2013, 03:09 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2862) | Send Message
     
    Higher commodity production in the US will add a tailwind to the dollar for years to come.
    9 May 2013, 03:12 PM Reply Like
  • davidshelton
    , contributor
    Comments (363) | Send Message
     
    The bearded one better gas up the printing presses then....
    9 May 2013, 03:18 PM Reply Like
  • Hendershott
    , contributor
    Comments (1761) | Send Message
     
    So much for debasing the dollar.
    9 May 2013, 08:24 PM Reply Like
  • Red Raider
    , contributor
    Comments (218) | Send Message
     
    Let me see...... We can print all the money we think we need, run up the national debt as fast as our computers can count it, and there are no adverse consequences!

     

    Doesn't matter much after you lose your savings betting on gold.

     

    PAPER IS KING after all is said and done.

     

    I just wish I could get me some of that smoke and the mirrors they use in Washington.
    9 May 2013, 10:24 PM Reply Like
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