Following the global recession, many countries still lack resurgence in their economic growth levels. Many central banks around the world have used their primary tool, aggressive quantitative easing, to try and revive economic growth.

http://www.investmentcontrarians.com/u-s-dollar/more-cracks-appear-for-u-s-dollar-as-reserve-currency/1094/

The U.S. dollar has been the world’s reserve currency for decades, but that position might be under attack. With the rising level of U.S. debt, many countries around the world are questioning the position of the U.S. dollar as the reserve currency.

This morning, the U.S. Dollar Index futures are trading by 0.29 cents to $75.59 a share. When the U.S. Dollar Index trades higher on the session the major stock indexes will usually deflate and trade lower. The energy sector looks to be declining the most in the early part of the trading session.

Today, the U.S. Dollar Index is surging higher by $1.09 to $74.12 per contract. This is the largest one day gain for the U.S. Dollar Index since January 5, 2011. As we have all learned by now when the U.S. Dollar Index declines the rest of the equity markets will decline lower. Today, gold, oil, silver, copper, steel, and most every other commodity that is trading in U.S.