Dollar Up, Dow Down

Written By Brian Hicks

Posted October 28, 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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