Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, May 25, 2009

US Dollar Index Falls 50%

US Dollar Index (DX) soared from 71 last year May as stocks market crashed sending investor fleeing to safe haven USD, T-bills. Peaking at 89 this year March, the DX has since broke down 50% to the 80 level.
Watch commodities index CRB (energy oil, base metals, precious metal, agriculture) rally if DX continues to slide.

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