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Can The U.S. Dollar Index Decline Enough To Keep Markets Afloat?

Posted, by inthemoneystocks on June 16th, 2011

Before the opening bell rang at the New York Stock Exchange, the U.S. Dollar Index was surging higher again. Around 8:35 am EST, the U.S. Dollar Index began to decline. Once the U.S. Dollar Index began to sell off the major stock market indexes started to rally and trade higher. It is important to note that yesterday the U.S. Dollar Index rallied higher by more than $1.25 per contract. This is a major move higher for the U.S. Dollar Index. The last time the U.S. Dollar Index rallied this sharply was on May 5, 2011.

Authored by, inthemoneystocks
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Tickers:
CLF | FCX
Tags:
, dollar, Stocks, markets, CLF, FCX
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