Market Corrects as Dollar Climbs

Monday, June 15, 2009 20:59
Posted in category $USD, Dow Jones Industrial Average
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We’ve written about the relationship between US equities and the US dollar. Stocks bottomed in March and began to move up as the US Dollar topped during the same time and began to move down. Todays market selloff came as an oversold dollar (short term) found buyers.

If the dollar continues this advance, US equities should selloff.

djia_dollar1

Related posts:

  1. Oversold US Dollar threatens stock, commodity, bond prices
  2. Inflating a Bull Market
  3. Rising Dollar Spells Trouble for Stocks
  4. Stocks: Oversold Rally Will Soon be Tested
  5. US Dollar Losing Steam

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