January 27, 2009 at 10:26 AM EST
Dollar Rallies as Consumer Confidence Hits Record Lows
In more than 40 years, we have never seen US consumers this pessimistic. The Conference Board’s report on consumer confidence fell to 37.7, the lowest level on record. The disappointing consumer confidence report will drag down risk appetite and drive investors into the safety of US dollars. The rally in the US dollar is a [...]
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