http://www.valueinvestingnews.com/dollar-despite-economic-weakness Comments for "The Dollar Is Up Despite Economic Weakness?!" en http://www.valueinvestingnews.com/dollar-despite-economic-weakness The US economy is the midst of an economic upheaval and yet the dollar is up. The US Fed cut interest rates to induce liquidity and yet the dollar rose. The dollar’s skewed behavior seems to be a silver lining for the US currency. The dollar appreciated last week due to excess demand for the greenback arising from tight money markets and insecure banks that were unwilling to lend to each other due to the prevailing economic crisis. This created an unprecedented demand for the greenback and led to its appreciation. http://www.valueinvestingnews.com/dollar-despite-economic-weakness#comments Commentary Mon, 13 Oct 2008 16:08:31 -0400 forex 6274 at http://www.valueinvestingnews.com