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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