Monday, March 02, 2009

The U.S. Dollar Breaks Out



The dollar broke out to a 2 1/2 year high today as money moves into the greenback and out of the stock market. The most likely upside target for the dollar would be a test of the 2005 high. If the rally in the greenback continues, it may begin to put pressure on gold which has been moving higher since last November.

1 comment:

Anonymous said...

interesting.this chart shows the dollar breaking out.but my online broker's chart shows the dollar index futures doing a double top and today a reversal.what gives?isn't stockcharts wrong

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