Oil, gold and NZ dollar surges as money printing fears hammer US dollar down
20th Mar 09, 9:24am
by
Bernard Hickey details the key news overnight, including oil's rise over US$50 a barrel and gold's surge towards US$1,000/oz because of US dollar weakness. The Federal Reserve's plan to print money has damaged confidence in the US dollar. The NZ dollar rose to 55.7 US c overnight.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.