Thursday, August 5, 2010

Itz Chartz: U.S. Dollar, Aussie Dollar & Crude Oil

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"This is more a U.S. dollar story and the debate is now swinging to whether the (Federal Reserve) will do more quantitative easing next week," said Richard Grace, chief currency strategist with Commonwealth Bank of Australia. "But if the Fed doesn't do quantitative easing, then the U.S. dollar might have a relief rally pushing (the Australian dollar) back below US$0.90. The risk is we're seeing the highs this week and it comes off next week." >>Read Story

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