U.S. Dollar Index Breaks Down

In early April, we looked at the US dollar doing poorly versus the Euro.

Today, we see another depiction of this via a good chart from Jeff Saut. The dollar has broken its most recent level of support.
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U.S. Dollar Index

Us_dollar_index


To those short the dollar, the trend remains your friend . . .

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Source:
“Risk versus Reward”
Jeff Saut
Equity Research Department, Raymond James & Associates
April 16, 2007
http://www.raymondjames.com/inv_strat.htm

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