Interest Rate Roundup

Tuesday, July 10, 2007

Dollar in the dumps...

I hope you're not planning to travel out of the U.S. anytime soon. The dollar is setting a 26-year low against the British pound as I write ... the euro is setting an all-time high against the buck (it came into existence at the beginning of 1999) ... the Australian dollar is right around an 18-year high ... the Chinese yuan is setting a post-float high ... and even the lowly yen is rallying sharply.

Maybe my post about risk from earlier today was on to something. Can't wait to see what Gentle Ben has to say in a couple hours.


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