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Dollar slump continues as gold hits 18-month high

September 12, 2009

On Friday, the week’s dollar sell-off continued, as the greenback hit a fresh 12-month low.The latest indicator to investors that the worldwide slowdown is drawing to a close is an accelerating economy in China, and they avoided the “safe” dollar in favor of gold, by which an 18-month high level has been hit, as well as other commodities and…

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US Dollar near 1-year low as consumer sentiment improves

September 11, 2009

On Friday, there has been a fall of the U.S. dollar to a one-year low against major currencies as investor optimism about the global economy has been reinforced by Chinese and U.S. economic data and…

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Dollar touches 2009 lows as Risk Appetite Increases

September 9, 2009

On Wednesday the U.S. dollar fell, as investors moved to riskier assets like stocks and higher-yielding currencies and now it has touched new low levels for 2009 against major currencies.Hopes for economic recovery has been supported by the rally in European and U.S. stocks, and together with the fall in U.S. dollar borrowing costs, it has encouraged investors to…

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Gold Price Rises Over $1,000

September 8, 2009

On Tuesday, gold prices rose above $1,000 per ounce and that is the highest level since March 2008 and it is suggesting that investors are uncertain about the U.S. dollar’s weakness and they anticipate international interest rates to…

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