the clayton dollar rise, it is not wanted

  1. 22,691 Posts.
    After the US data last night, the dollar rose from 83. 3 to 83.79

    Unfortunately, the US doesn't want a stronger dollar and will try to get it down further. I assume that could be done in the next few days as they don't have the luxury of waiting (trade deficit must come down, exports increased and employment encouraged).

    Gold dropped from a high of 445 to 442 but is increasing lately to 443.

    I couldn't see a reason for the fall in the gold price as the dollar has to come down anyway. I think that some in the market understand that (CBS won't) and hence Gold wil be looked after.

    That is my opinion,

    Gerry
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