U.S. Dollar Index Gets A Bid
The U.S. Dollar Index is catching a bid higher today. The U.S. Dollar Index is trading higher by 0.30 cents to $78.94. This is the first bounce higher in the U.S. Dollar Index in over eight trading sessions. As we all know by now when the U.S. Dollar Index rallies the major stock markets around the world will usually deflate and trade lower. That is exactly what is taking place today as the markets come under pressure. Should the U.S. Dollar Index pullback or decline intra-day many commodity stocks may see a small bounce. The Euro has traded directly inverse to the U.S. Dollar Index for quite some time now. Traders and investors can look for that inverse relationship between the U.S. Dollar Index and the Euro to continue.