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Why tracking Dollar Index is must for any commodity trader

Posted on 13 September 2012

The US Dollar Index is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. Generally dollar index goes up when US Dollar gains against other currencies. It a indication of US Economic activity or any other activity which can strengthen or weaken US dollar.
Commodities typically follow and inverse relationship with the value of the dollar. When the dollar strengthens against other major currencies, the prices of commodities typically drop. When the value of the dollar weakens against other major currencies, the prices of commodities generally move higher………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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