Released on: September 15, 2008, 4:52 am

Press Release Author: Richard Drake

Industry: Financial

Press Release Summary: Cornerstone worldwide: As weakened Gustav spares Gulf of
Mexico, US dollar strengthens . . . for now.

Press Release Body: Cornerstone Worldwide are apparently confident that the
resurgent US dollar’s fortunes on global currency markets will be short-lived
despite the fact that Hurricane Gustav has largely left the Gulf of Mexico’s oil
production infrastructure untouched.

A source close to Cornerstone Worldwide said the Asian-based wealth management firm
is expecting the dollar to come under increasing pressure in the run up to the
banking sector’s third quarter reports.

A Cornerstone Worldwide research spokeswoman reportedly pointed to the immediate
bounce demonstrated in gold prices even though crude oil touched a low of $105.52
during furious trading on the NYMEX as a sign that gold, currently enjoying massive
demand from India and the investment community, may be decoupling from oil and
reasserting its anti-inflationary status.

Cornerstone Worldwide are widely thought to believe the fallout from US banking
turmoil will lead to further economic woes for the world’s largest economy and
higher inflation than generally acknowledged.


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