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Ellison Chair in International Floriculture
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Dollar is rebounding

August 9, 2008 by Charlie

The U.S. Dollar index for major currencies reached its highest level this year, and is at the highest level since December 21, 2007 (see chart below). Oil fell yesterday by almost $5 per barrel in the spot market to $112.43 (brent spot) and $115.20 (WTI) and below $115 in the futures market. The stock market rose by +300 points.

Filed Under: News Tagged With: international trade, trends

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