The latest on the biggest story in the world right now: The U.S. dollar just broke through downside resistance to reach a fresh 15-month low. Gold rose to a fresh high as a result.
As usual, the lower dollar means higher stock prices this morning. The FT reports:
"As the greenback dropped below the 75-point level on a trade-weighted basis, US equity futures spiked, suggesting the S&P 500 would begin trading above its previous closing high for 2009 of 1,097.91."
As usual, the lower dollar means higher stock prices this morning. The FT reports:
"As the greenback dropped below the 75-point level on a trade-weighted basis, US equity futures spiked, suggesting the S&P 500 would begin trading above its previous closing high for 2009 of 1,097.91."
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