Can The U.S. Dollar Index Decline Enough To Save The Markets?
The U.S. Dollar Index has now declined since 3:00 am EST when it traded as high as $78.31. Currently, the U.S. Dollar Index is trading around $77.70. As most of the trading world knows by now, when the U.S. Dollar Index declines most commodities and stock market indexes will inflate and trade higher. That scenario has been the case in the past and seems to be the case today as the Dow Jones Industrial Average has rallied higher by nearly 60.0 points since the low of the session. The S&P 500 futures have also rallied sharply off the lows of the session. At this time the 'buy the dip' mentality is still intact.