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Monday, March 7, 2011

This Week in Charts - US Dollar Showdown!

Well, it looks like the US Dollar is continuing to lose value.
What is utterly amazing is the middle east is destabilizing, you would think there would be a flight to safety, traditionally US treasuries.

But instead US dollar is losing value compared to a basket of other currencies. Further, US long term interest rates are rising. I wonder how bad it would be if there was peace in the middle east for the USD?

Well, chart wise, we better have a really big crisis, or else the dollar will start breaking through support from 2008, and once below 70, making all time lows. The chart below doesn't have a timeline, the last US peak shown was June 2010, as a frame of reference.

Got resources? Good! You will need them to keep your purchasing power.

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