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U.S. Dollar Index Gets Whipped Around Intra-day

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January 25, 2011 – Comments (0)

This is some of the wildest intra-day action that we have seen in the U.S. Dollar Index in quite some time. It is very unusual to see 0.40-0.50 cents swings intra-day in this index. This looks a lot like manipulation by someone with a lot of money. As we know by now when the U.S. Dollar Index declines it usually helps the stock market to inflate and trade higher. The U.S. Dollar Index is trading lower by 0.2 cents to $78.03 as of 10:45 am EST. We can only guess where the U.S. Dollar Index will be at the end of the day.

 

Nicholas Santiago
InTheMoneyStocks.com

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