Posted on October 7, 2009. Filed under: News And Politics... |

The U.S. dollar rose today, rebounding from a low of more than eight months against the yen as optimism from the prior session dissipated.  However, market watchers are still on the fence about the dollar’s strength as massive U.S. fiscal and monetary stimulus is expected to eventually weaken the greenback.  Gold’s rise is not a dollar phenomenon but an "anti-currency" phenomenon as money is flowing away from almost any and all currencies as told by Dennis Gartman, independent investor and publisher of the daily Gartman Letter.  Also, renowned investor, Jim Rogers, one of the biggest bulls on this decade’s commodities rally, is not so bullish on gold a day after the precious metal set a record high, although he does see further gains in the long term.
Here are the latest exchange rates…

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