Stale Green Light

Things still aren’t looking good for the value of our American Dollar, but hopefully things will change. Here is a current look at how the dollar compares to other major world currencies:

Euro = 1 : 0.73711
British Pound = 1 : 0.66580
Canadian Dollar = 1 : 1.04806
Australian Dollar = 1 : 1.11310
Japanese Yen = 1 : 89.20
Mexican Peso = 1 : 12.7451

We still have high hope for our economy. Time will only tell.

The price of gold is down nearly 15% from its all-time high last December it has dipped 4% so far this year.

Oil prices are also down nearly 10% this year.

It seems that the price in oil and gold fall as the dollar begins to gain its strength back.

Meanwhile some argue that the prices of gold and oil are finally settlig back down after peaking.

Hopefully as the global economy grows the price of commodities and the strength of the dollar will be able to grow in unison.

Wall Street has been in quite a slump for the past two months. Seeing as they have been the worst months in the past year, it was very encouraging to see the stock markets begin to rise today.

The start of a new month coupled with strong gains, better-than-expected reports on personal income and Exxon Mobil’s profit gave the markets hope, early today.

The Dow Jones industrial average rose 1.2% early this morning while the S&P 500 index gained 1.4%.

Many financial specialists believe that there will be a deeper selloff as they look forward.

The market is up more than 50% from the lows of last March so a correction of 10% to 15% was not out of the question.