Secular Currency Performances

August 28, 2008

Ashraf Laidi submits:

The events of the past three weeks in foreign exchange markets continue to be dominated by prolonged dollar strength and a fierce bout of selling in the British pound.

The charts below (click to enlarge) show the secular performance of the major currencies, measuring their performances against gold– whose price is determined by the forces of supply and demand rather than by central bank monetary policy or printing press

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Secular Currency Performances

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