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US Dollar Index

By Thomas Long, Course Instructor
04 June 2010 14:47 GMT

This daily chart of the US Dollar Index, which represents the USD against a basket of currencies, shows that strength in the form of a new recent high being printed this morning. This strength is also noted across the board as the USD is gaining against all major currencies. How long this lasts is anybody's guess, but for now, buying the USD seems to be the play for FX traders.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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04 June 2010 14:47 GMT