The USD is now sitting on support marked by a gentle sloping multi-year uptrend. A bounce around these levels would not be surprising.
position in TLT
Tuesday, March 8, 2011
Dollar Index
Since markets began sniffing out QE2 last summer, the US dollar has been declining. The dollar index (USD) has lost about 20% of its value since last June.
The USD is now sitting on support marked by a gentle sloping multi-year uptrend. A bounce around these levels would not be surprising.
position in TLT
The USD is now sitting on support marked by a gentle sloping multi-year uptrend. A bounce around these levels would not be surprising.
position in TLT
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