Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Mortgage
Home equity
Auto
MMA/CD

Current DateTime: 01:22:53 05 Sep 2008
LinksList Documentid: 23371764
    • Thailand's SET to Correct?

        Emerging markets investment guru Mark Mobius told CNBC's Asia Squawk Box that he's bullish on Thailand as an investment destination long term. But he's also looking for a 20% to 30% correction in the market. Let's see whether the charts agree.

Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Font size:
Feb.06
9:12 AM ET
Wednesday, 6 Feb 2008
Dollar on the Rise

The U.S. dollar showed strength on Tuesday against almost all major currencies as the currency market absorbed the dismal ISM data and looked towards a slowdown in Europe.  There are increasing indications that the ECB may follow the U.S. Fed and also cut rates, if not Thursday, than possibly in the 2nd quarter.

  • Overnight, the Yen gained against the dollar and the euro on fears of the global economic slowdown and the sharp decline in the Asia markets with the Nikkei dropping 4.7% and the Hang Seng falling 5.4% made investors less willing to take on risk.
    -The dollar has lost almost 5% against the yen year-to-date.  The Euro is also down about 5% against the yen year-to-date.

  • The dollar index, moved off its 2-month lows hit last week to close up 1% on Tuesday for its biggest one-day gain since mid-December/
    -The dollar index tracks the U.S. dollar vs. a basket of 6 major currencies including the Euro, Yen, Pound, Canadian Dollar, Swedish Krona, and Swiss Franc


  Click for related content

© 2008 CNBC.com

Permalink: /id/23028524

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis