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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
Source: TradingCharts.com 
The U.S. Treasury keeps discussing their “Strong Dollar Policy”, but its said with a “wink-wink, nudge-nudge” worthy of Monty Python . 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 
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:
 Image: http://futures.tradingcharts.com/chart/US/C3
 Monty Python: http://www.amazon.com/exec/obidos/ASIN/0312311443/ref=ase_thebigpictu09-20/002-2267231-0348809
 The Capital Spectator: http://caps.blogspot.com/
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