Euro Crosses US$1.50
The dollar is showing continued weakness against the Euro today, passing the psychological $1.50 threshold earlier.
The move comes despite European policy makers trying to talk the euro lower in an effort to avoid delaying the fledgling recovery there.
As expected, the dollar weakness is contributing to strength in commodities and the broader equity market.
Commodity ETF Action:
SPDR Gold Shares (NYSE: GLD) is up 0.6%, iShares Silver Trust (NYSE: SLV) is up 1.2%, Market Vectors Coal ETF (NYSE: KOL) is up 2%, Market Vectors Steel ETF (NYSE: SLX), PowerShares DB Agriculture (NYSE: DBA) +2.2%, iPath DJ AIG Copper TR Sub-Idx ETN (NYSE: JJC) +3.3%, iPath DJ AIG Grains TR Sub-Idx ETN (NYSE: JJG) +2.4%
The move comes despite European policy makers trying to talk the euro lower in an effort to avoid delaying the fledgling recovery there.
As expected, the dollar weakness is contributing to strength in commodities and the broader equity market.
Commodity ETF Action:
SPDR Gold Shares (NYSE: GLD) is up 0.6%, iShares Silver Trust (NYSE: SLV) is up 1.2%, Market Vectors Coal ETF (NYSE: KOL) is up 2%, Market Vectors Steel ETF (NYSE: SLX), PowerShares DB Agriculture (NYSE: DBA) +2.2%, iPath DJ AIG Copper TR Sub-Idx ETN (NYSE: JJC) +3.3%, iPath DJ AIG Grains TR Sub-Idx ETN (NYSE: JJG) +2.4%
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