Dollar Bull Continues...

Discussion in 'Economics' started by ScapGF, Jul 24, 2008.

  1. ScapGF


    Ever since retesting the previous high and barely getting above it, the Euro has receded against the USD. The new high was set but PPI and CPI came in at 26 and 27 year highs, respectively.

    Now the market is pricing in the eventual rate hikes that the US will have to make and you are seeing the results of that currently. The only blip thusfar was when Oil rallied briefly on the potential damage the hurricane was going to have on platforms and refineries. Yet as soon as that threat dissipated oil dumped and so did the Euro.