Dollar Falls Off Highs Giving Market Solid Lift
May 09, 2011 at 12:31 PM EDT
The Dollar spiked higher for the third straight day with one small difference. Today, the Dollar pulled back into lunch, giving the markets a solid pop. The Dollar trades inversely to the markets and anytime the Dollar falls, the markets will move higher. Note the chart below. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) [...]
