Thursday, August 6, 2009

Commodity Roundup for August 5, 2009

Wednesday the US Dollar Index made a new low in 2009 which led to a rise in the price of oil and other commodities such as precious metals. Recently, their has been talk about a possible Dollar carry trade similar to that of the Yen carry trade seen previously. Are traders borrowing the dollar at low interest rates to invest in commodities?


USO=Red Line
UUP=Green Line

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