The chart below shows the US Dollar Index, which measures the Dollar versus a basket of six other currencies. The decline has been spectacular, 7% this year, and has been cited as being a major driver behind the oil and gold rallies of late. We haven’t been at these levels since September 2008, such has been the fall in dollar confidence.

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Market News

  • The chart below shows the US Dollar Index, which measures the Dollar versus a basket of six other currencies. The decline has been spectacular, 7% this year, and has been cited as being a major driver behind the oil and gold rallies of late. We haven't been at these levels since September 2008, such has been the fall in dollar confidence.
  • Dallas Fed President said in an interview yesterday that dollar weakness was only one of the factors that the Fed were eyeing
  • US initial jobless claims are scheduled to be released at 1330, followed by the Philadelphia Fed at 1500
 
 

Major Economic News

TIMEMARKET DATA
1330US Initial Claims