Dollar Rebound Boosts Stocks, Hits Commodities (Price of Oil Plummets)

Dollar Rebound Boosts Stocks, Hits Commodities

www.r ealclearmarkets.com

Reuters

* Dollar hits five-month high against basket of currencies

* Commodities weighed down by stronger greenback

* Russia-Georgia conflict hits emerging, not major markets

(Updates to U.S. markets close)

By Burton Frierson

NEW YORK (Reuters) - The dollar raced to five-monthhighs against a broad range of currencies Friday, benefiting from fears economic weakness was spreading to other countries,while oil slumped to $115 a barrel as supply concerns waned.

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[edit on 8/15/2008 by Keyhole]

This is the best news I think I've heard in a long time!

The dollar making a rebound, lowering the price of oil with the help of a diminished demand for oil.

A little good news to start off the weekend, can only hope this will continue next week.

www.r ealclearmarkets.com
(visit the link for the full news article)