The South African ZAR breaks to 4yr lows as banking sector under pressure and threat of rate cuts comes as inflation plummets for this commodity dependent economy.
Strong Dollar Trade Chart 1: The price of Gold began its parabolic ascent as in the summer of 2007 moving from approximately $665 to over $1000/oz. as the DXY (U.S. dollar) gapped lower on Fed actions to combat the credit bubble.
Economy…what’s this – a thaw in the European Union economic frost?
Iron ore in bear market after having help up reasonably well.
U.S. Dollar quietly surging higher and this morning kisses the closing level of July 24th last year, which marked multi-year highs.