Oil, Dollar And Financials

July 2008
Emerging Markets Monitor;7/14/2008, Vol. 14 Issue 15, p1
Country Report
The article offers an economic outlook for the U.S. Financial stocks continue to sell off, leading to a further decline in the dollar versus the euro. This causes an additional move higher in oil and gold prices. Commodity prices will decline due to the higher cost of energy, aggressive monetary tightening and a severe slowdown in Western economies.


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