In This Issue..
* Currencies bounce back...
* Commodities and Commodity Currencies get hit hard!
* China's recovery a myth?
* Devaluation in the dollar's future?
Good day... And a Terrific Tuesday to you! It's too hot in the hot tub! You can't make me get in the hot tub! Ahhh... When I walk outside and my eye glasses fog up from the heat and humidity, I think of that old Saturday Night skit, with Eddie Murphy playing James Brown!
OK... Well, yesterday we saw the currencies stop the bleeding from the overnight sell off, and although they range traded on the day, the bias was to sell dollars once again. That bias has played through on our Turn Around Tuesday theme, and the currencies are higher today than yesterday, but lower than they were 3-weeks ago week ago. Yes, the month of June has not been kind to the currencies, as some of the euphoria that was going on from March thru May, regarding the global economic recovery is being thought about again, and this time, not with the same rose colored glasses......
Filed under: Australia, Currencies, Dollar, Brazilian Real, Inflation, Commodities, China, Deficit, Debt, Commodity Currencies, Devaluation