February 13th, 2012
Published Daily

DXY – NYBOT Dollar Index (Last:74.94)

by Rick Ackerman on November 25, 2009 9:16 am GMT

A longstanding target at 72.93 still looks compelling, although the dollar seems too well controlled at the moment to take the implied dive straightaway.  If there’s any official support for the buck at this point, it would become manifest with a pop to  76.00. Failing that, however, we can only infer that the dollar has no sovereign friends willing to put their money where their mouths are.



Comments on this entry are closed.