Monday, December 12, 2005

US Dollar Index

Here is a daily chart of the cash US dollar index.

I think the market is headed down to 88.80. If this reaction turns out to be as big as the July-August break the market would drop a bit further to 87.80 or so, but this is the worst I see on the downside.

The index should reach 100 over the next year. You can find previous posts on the dollar index here and here.

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