Currencies

The Fed gave the market what it wanted but indicated that will be all for now. Wall Street still loved it. The Dow rose 137. Oil hit US$95. Gold hit US$800.

Weekly musings by your editor. The decline of the US dollar. When is the trend your friend?

Oil was the big loser overnight while stock markets began to doubt a Fed cut tonight.

The Dow was once again positive as traders set for a rate cut on Wednesday.

OPEC wants to switch to a basket of currencies while Gulf states are concerned about their greenback pegs.

There was no bad news on Wall Street last night to recover from, so the Dow just went up. Gold took off as well.

It looked like Japan was about to drag itself out of a decade of deflation, but no more. The Aussie gets a green light.

The Dow recovered from a 128 point fall to close almost unchanged. No, this is not yesterday’s report.

Danske Bank suggests market speculation of a revaluation of the Chinese currency is justified as such a move makes sense, even though it is unlikely to occur in the short-term.

The Dow pulled back from a 200 point fall to be “unch” after ridiculous rumours of an “emergency” rate cut circulated Wall Street.