Here’s today’s USDX chart: img16.imageshack.us I think the FOMC/Fed used the equity markets to prop up the dollar today. The timing of the sudden dollar drop, then rise in conjunction with the equities drop seems to support this theory. Also, the news out there is full of doo-doo! A stock market crash is imminent in real number terms but in nominal terms, I’d expect the equity markets to keep increasing.
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