Friday, May 13, 2011

Dollar Index Breaks Above 50-DMA

While commodities as a whole started to fall apart again today, it should not be too much of a surprise to see strength in the dollar. With today's 1% rally, the US Dollar Index is now up nearly 4% off its lows a week ago, and it is now trading back above its 50-day moving average for the first time since January 13th.

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