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Dollar Up, Dow Down

All eyes are on the greenback

By Steve Christ
Wednesday, October 28th, 2009

 

 

dollar

 

Dollar up.....Dow down. It's not much more complicated that that these days.

In fact, here's a look at the recent correlation between stocks and the greenback using the PowerShares DB US Dollar Index Bullish (NYSE:UUP) as a proxy for the dollar

 

First, in the long term....

 

 

uup2

 

....then over the last 5 days.

 

uup

 

 Any questions?

 

 

Related Articles:

Roubini Predicts a Dollar Reversal

Dollar Vs. Euro: An Eye on the Euro and the Hottest Indicator on Wall Street

Warren Buffett on Investing in Gold

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