Anthony Crescenzi, chief bond market strategist with Miller Tabak and a contributor to RealMoney.com, said in a note Thursday that the dollar was declining in response to lowered expectations for rate hikes from the Fed.
"Weakness in equities is spurring a flight into investment strategies that are working, such as buying commodities," said Crescenzi.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
