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Dollar Daze

Posted By Barry Ritholtz On December 10, 2003 @ 5:56 am In Finance | Comments Disabled

butt ugly Chart of the Week:
The U.S. Dollar continues to weaken versus a basket of other currencies. While this may be a net positive for exporters, nearly half of U.S. debt is held by foreign governments.

U.S. Dollar Index (CEC) Daily Commodity Futures Price
USC3.gif [1]
Source: TradingCharts.com [1]

The U.S. Treasury keeps discussing their “Strong Dollar Policy”, but its said with a “wink-wink, nudge-nudge” worthy of Monty Python [2]. What could reverse the long-term downtrend? If the Fed raises rates, or the U.S. deficit issues get resolved, or if the Current Account Balance improves, would certainly help.

The Capital Spectator [3]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2003/12/dollar-daze/

URLs in this post:

[1] Image: http://futures.tradingcharts.com/chart/US/C3

[2] Monty Python: http://www.amazon.com/exec/obidos/ASIN/0312311443/ref=ase_thebigpictu09-20/002-2267231-0348809

[3] The Capital Spectator: http://caps.blogspot.com/

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