U.S. Dollar Index Fades And Helps To Inflate Markets
The U.S. Dollar Index started the morning very strong as problems in the European Union seems to grow on a daily basis. Portugal is the country in focus today as it was downgraded by S&P. When the U.S. Dollar Index declines it will usually help to inflate most commodities and asset prices. This morning when the U.S. Dollar Index was trading at its intra-day peak the major stock indexes were negative, however, once the U.S. Dollar Index declined the major stock indexes have reversed and are now traing in positive territory. This inverse relationship between the U.S. Dollar Index and the stock market always seems to come back in play. The U.S. Dollar Index has declined by 15.0 percent since June 7, 2010.