MoneyandMarkets.com: Dollar Hits New Lows While Gold, China Surge

While most U.S. investors stayed home Friday, foreign investors were running away from the dollar. The greenback plunged to a 19-month low against the euro and a two-year low against the British pound. The utter speed of its decline rattled Wall Street, added new momentum to rising commodity prices and raised the specter of massive dollar selling by foreign central banks. This weekend, with no specific news to blame, currency experts scrambled to find an explanation, according to Martin Weiss, Ph.D. (PRWeb Nov 29, 2006)  Read More »