By Trader X on April 27th, 2010 3:12pm Eastern Time
Today the dollar has made new highs for the year. The new high is not really that important. What is important is that the dollar made a new high during regular trading hours. Usually the dollar will trade higher overnight and sell off or fade after the opening bell at the New York Stock Exchange. Today the dollar has rallied during the course of the day putting pressure on most commodities and inflationary stocks. Now please realize that if the dollar sells off from here the market will rally or bounce off the the lows.
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