U.S. Dollar Index Breaks Down

Monday, April 16, 2007 | 11:47 AM

In early April, we looked at the US dollar doing poorly versus the Euro.

Today, we see another depiction of this via a good chart from Jeff Saut. The dollar has broken its most recent level of support.

U.S. Dollar Index

To those short the dollar, the trend remains your friend . . .


“Risk versus Reward”
Jeff Saut
Equity Research Department, Raymond James & Associates
April 16, 2007

Monday, April 16, 2007 | 11:47 AM | Permalink | Comments (64) | TrackBack (0)
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The scary part about the fall, it is no longer responding to the Fed hawkish talk. In addition, this lower dollar is exerting additional upward pressure to already rising inflation.

Posted by: V L | Apr 16, 2007 12:27:13 PM

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