The EURUSD currency cross has today hit a new all-time high. The US Dollar Index futures have also set a new all-time low at 71.555, breaking the old record set in March at 71.620. This is to be expected, since the Euro composes the largest share of the US Dollar Index. This, of course, also has the potential to send the price of crude oil and other commodities to attain new all-time highs. Crude oil is less than 75 cents from a new all-time high. Grains are higher across the board too, even though corn and wheat have been in a downtrend recently. Records are being set everywhere. Does the bad news never end?
EURUSD - New All-Time High
US Dollar Index - New All-Time Low
