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Don't Like a Weak Dollar? Might as Well Get Used to It [View All]

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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:04 PM
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Don't Like a Weak Dollar? Might as Well Get Used to It
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Weakness in the US dollar, which is causing everything to go upincluding gas prices, food and stocksis unlikely to go away soon as a selling frenzy hits the currency market.

The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.

A combination of factors accounts for the weakness, with the Federal Reserve's easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.

In short, as trader Dennis Gartman noted on Thursday, "the rout of the US dollar" is in full effect.

Read more: http://www.cnbc.com/id/42703813
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