Interest Rate Roundup

Wednesday, September 16, 2009

Dollar getting vaporized again

The motto these days seems to be: "Is the market open? Then sell dollars!" I say that because the dollar was weak again in the overnight session. The Dollar Index is currently down 12 bps to 76.40, its lowest level going all the way back to last September. The Japanese yen keeps banging away at the 90-and-change area, while gold is up about $9 to $1,016 in response. Nothing like watching Bernanke and crew vaporize the value of our currency. Whee!


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