The Euro/USD touched it’s resistance at $1.44, its last previous high on December 17th then fell back to under $1.40 as we saw Crude and especially the precous metals fall on Friday.  Gold fell to its lowest point in a week and a half to $950 while Crude touched $70 only to fall below $68.50.  Will we see the USD continue to strengthen in the coming weeks or is this a temporary pullback for the rising commodity trend?

This entry was posted on Saturday, June 6th, 2009 at 2:11 pm and is filed under Energies. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.