US Dollar Gains Oil and Gold Fall

US Dollar Gains Overnight; Oil and Gold Fall

The US dollar was showing overnight gains against the Euro, Yen and Pound and this spells bad news for commodities today. Shares of the SPDRs Gold ETF (GLD) were trading lower early Friday, as were shares of the iPath Oil ETF (OIL).

Rosenberg we will see 15% drop in Home Prices

Gluskin's Rosenberg Discusses U.S. Economy, Housing

Jan. 15 (Bloomberg) -- David A. Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., talks with Bloomberg's Carol Massar about the U.S. economy and housing market. (This is an excerpt of the full interview. Source: Bloomberg)

Dollar Gains On Euro today

In mid-day trading on this Friday afternoon for January 15, 2010, we are seeing the US dollar extend gains against the euro, the British pound, and most major currencies. The dollar got a lift against the euro amid continued worries about Greece's fiscal situation and refuted rumors that Germanys Chancellor, Angela Merkel, was preparing to resign.