King Dollar

Broad-based selling continued around the globe today due to increasing worries about the resolution of the Euro debt crisis. With almost all sectors and international markets dropping sharply there was no place to hide, with the exception U.S. treasury bonds.

However, as the bull run in treasuries is approaching an overbought condition and the dollar strengthening against all major currencies, that safest investment for individual investors may be dollar denominated money market funds.

The Fidelity Europe fund (FIUEX) dropped a whopping 3.72% today on renewed Euro debt worries and is approaching its support level.

The Fidelity Europe fund (FIUEX) dropped a whopping 3.72% today on renewed Euro debt worries and is approaching its support level.

 

Mutual fund screens are provided by FidelitySignal.com 

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