End of Quarter Dollar Assessment

June 30, 2008

Kathy Lien submits:

It is the end of the quarter and the end to the first half of the year which has been a brutal one for many fund managers. The Dow Jones Industrial Average is down 14% since the beginning of the year and 7% since the beginning of the quarter.

As for the US dollar, since January it has weakened against every major currency except for the Canadian dollar. Its performance since April on the other hand has been mixed. The dollar is virtually unchanged against the Euro, down more than 5% against the Australian dollar and up more than 5% against the Japanese Yen.

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End of Quarter Dollar Assessment

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