After a steady and almost-uninterrupted downtrend for nearly three weeks, the US Dollar is grinding slightly higher today. It is happening with some force, as the far right edge of this chart seems to demonstrate. This is hardly the sign of a reversal, but it is good news, and may have contributed to the broad selling of several major commodities today. Go Dollar!Monday, June 30, 2008
USD Grinds Modestly Higher
After a steady and almost-uninterrupted downtrend for nearly three weeks, the US Dollar is grinding slightly higher today. It is happening with some force, as the far right edge of this chart seems to demonstrate. This is hardly the sign of a reversal, but it is good news, and may have contributed to the broad selling of several major commodities today. Go Dollar!
