By InTheMoneyStocks on March 1st, 2010 3:15pm Eastern Time
The U.S. Dollar traded sharply higher in overnight trade as the British Pound and the Euro sold off sharply. However, since the U.S. stock market opened at 9:30 am EST the U.S. Dollar has sold off. This looks to be more currency confusion as Chile is trying to recover from an earthquake over the weekend. This earthquake gave a big pop to copper today as many copper mines had to close. The Greece crisis is still unresolved, however, rumors that a bailout is in the works seems to come out every hour. The British Pound crisis is another situation that must be watched closely as this could just be getting started.
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