NEW YORK (MarketWatch) -- The dollar weakened Monday, pushing an index of the greenback to the lowest in 15 months, after a weekend meeting of Group of 20 policy makers offered no support for the U.S. unit.
Why would other countries support a strong (insert your own currency here) policy? Nobody wants their own currency to soar. Of course, unless you have your eye on buying chunks of your neighbor instead of selling them things.
Let me offer a different spin on why the dollar plunged to open the week - healthcare reform passed the House. Spend, spend, spend.
The Senate has vowed to kill it so let's see if the dollar reverses course at that time.
In the meantime, gold....... If you have not already seen it, take a look at our Chart of the Day at QuickTakesPro.com.