Monday, December 7, 2009

Dollar Back Above 50-DMA For the First Time Since April (and now it's not) DXY

The U.S. Dollar Index backed off to 75.80 this morning.
From Bespoke:

The US Dollar Index is rallying once again today and is now poised to close above its 50-day average (DMA) for the second straight day. To put the greenback's recent malaise into perspective, you have to go all the way back to April to find the last time the index closed above its 50-DMA for two days in a row. Back then, the streak only lasted two days as well!