NASDAQ 100 Moves Up to New Multi-Year High
This daily chart shows that the bull run which started early 2009 continues on through today. A strong US stock market means traders are more apt to take on additional risk seeking better returns. This has helped weaken the USD as traders move from the relative safety of short-term US Treasuries to riskier investments in other parts of the world. They sell the USD and buy a different currency to invest in a different market.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.