In This Issue..
* Germany's Merkel gets her way...
* Confidence in the US ebbs lower...
* China to stick to renminbi policy...
* Gold stops sliding...
Good day, we had another strong day for the dollar yesterday, with the greenback gaining against all of the majors. But overnight, the Asians and then the Europeans sold the dollar and moved money back into the currencies. So after another rollercoaster ride, we are basically right back where we were at this time yesterday morning. These volatile markets are likely to continue, as investors try to figure out if the global economy will recover or if we will slide back into recession. With all of this uncertainty, you would think investors would be moving into 'hard assets': Gold and Silver. But the markets for these two precious metals have been surprisingly quiet this year. More on the metals a bit later, first I will try to figure out these currency markets....
Filed under: Dollar, China, Gold, Home Sales, Consumer Confidence, New Zealand, Norway, Germany, Renminbi, Credit Default Swaps, Debt, Angela Merkel, Greece