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.

Posted by Kevin

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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

6:09 PM

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