Thursday, April 28, 2011

Keep talking, Ben: US Dollar update

Listening to the Flamin' Groovies as the dollar burns. $USDXThu Apr 28 14:06:14 via web

This is what's going down. Here's the weekly chart on the dollar index:

Wouldn't be surprised to see a new low on the index shortly, followed by a consolidation period and a months-long rally in the USDX. That seems to be the pattern, anyway, over the last several years. We'll be watching.