With Khadafy’s forces losing town after town, he’s preparing to pack it in, ABC news reports:
[His] own private plane is loaded with gold bullion and lots of hard currency, mainly dollars, and is preparing to flee to Zimbabwe to stay there with his friend Robert Mubgabe..
Oil has slipped back below $100 on the story.
US equity futures are recovering most of their lost ground, now down just 0.1% after being down more than 0.5% overnight.
Perhaps the dollar will get a boost from all this. Perhaps not. EUR/USD trades at 1.3778. The CHF and JPY are weakening on the chatter…
