Dollar rises sharply on jobs, ECB

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Dollar rises sharply on jobs, ECB more»»
The dollar rose against the euro Thursday after a government report on the labor market came in largely as expected despite persistent rumors that a much bleaker number was in store.

Thu Jul 03, 2008

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WHERE ARE WE? An interesting point in time right now. The dollar has climbed while commodity prices (i.e., OIL), have fallen. The question is: Are these aberrations, small counter-moves only temporarily interrupting a much larger trend? Or are these moves a significant reversal? In the case of the dollar, I would be surprised if the dollar makes a major sustained move higher.

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