Courtesy Of InTheMoneyStocks - US Dollar Index

The U.S. Dollar index pulled back this after hitting the important 78.00 resistance level. It is possible that the dollar is beginning to consolidate after a strong rally into mid-December. Should consolidation take place the dollar could trade into the 80.00 level. Remember the stronger dollar generally impacts commodities and most inflationary stocks negatively and vice versa. Should the dollar decline there will be weekly support at 76.50.
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