By InTheMoneyStocks.com on April 6th, 2010 9:33am Eastern Time
The stock index futures are lower this morning as the U.S. Dollar Index is higher by more than 0.50 cents to 81.60. Usually when the dollar is stronger to start the day the stock index futures will be weaker and negative ahead of the open. Today the S&P 500 e-mini futures contract is down 4.50 points before the open.
The question that every trader is asking this morning is, can the dollar hold its overnight gains? Often the dollar will fade or decline around the opening of the New York Stock Exchange. When this decline in the dollar occurs, as a result it lifts most commodity and inflationary stocks. Traders can follow the Powershares DB U.S. Dollar Index ETF (NYSE:UUP) to see the reaction in the dollar throughout the day.
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