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By Mark Henwood

Emerging Markets and commodities fell while US markets rose.  The dollar strengthened 3.6% against the Euro.   

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The three largest strategies, Renewable Electricity, Solar, and LED-Lighting all declined against a backdrop of a stronger dollar.  With 45% of both the Solar and Renewable Electricity Indices priced in Euros or Euro zone currencies, the weekly decline was driven to some degree by currency movements.   Some other factors affecting the week included an analyst upgrade (CREE) and concerns about polysilicon supply affecting 2009 earnings (YGE).    

Mark is the founder of Camino Energy, an information provider specializing in globally traded sustainable energy stocks.

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