As the American dollar continues to climb, commodities (like crude oil) continue to slide. Here’s hoping the dollar rally continues for a while longer; It seems as the dollar may be ending it's seven year slide. On the downside, a strengthening dollar may slow U.S. exports. However, when a currency strengthens, it usually signals that the economy may also be improving.
Chart is from Carpe Diem
1 comment:
Let's hope so. There's also been buzz from the Fed that they will be raising the interest rates next quarter which is also a good indicator - forget the fact that I think the Fed is a sham and should be disbanded and control taken back over by we the people..but..nevertheless - it's a good sign our economy may be rebounding. I'm getting tired of only 3.5% rates on my CD's and .015% on checking and 1.5 on savings accounts. It's ridiculous.
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