USD index suggests a bullish trend with some good economic data coming out in the recent quarter also at the beginning of the year. The US economy seems to be running better without looking at the Euro-Zone crisis which is getting hotter with the downgrading of France credit rating to below AAA rating while Germany was left unchanged.
Technically, I saw USD Index was pretty strong with the index upside potential around 10% from current price, which is a bad news for those who are shorting USD. If the economy keeps shining, then it's an opened chance for us to get some money from it.
Happy Investing^^
Disclaimer ON!!!
The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies.
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