By Nicholas Santiago on June 14th, 2010 3:17pm Eastern Time
This afternoon the U.S. Dollar spiked higher after Moody's downgraded the Greek debt to junk. While this move by Moody's was not a major surprise it did cause a surge of capital into the U.S. Dollar Index. As we all know by now when the dollar rises the markets deflate and vice versa when the dollar declines the markets inflate. This inverse lockstep relationship is still very much in play. Every trader should keep an eye on the dollar.
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