Tuesday, July 28, 2009

Dollar, Yen, Australian Dollar Rally Today - Where to Next?

It's another "all or nothing" day in the markets - with equities down, the US Dollar and Japanese Yen are, of course, up. This time joined by - surprise - our old friend, the Australian dollar (ugh - got chased out of that position too early :( )

Looking at a 6-month chart of the dollar, it's doesn't look pretty - or does it? Is the dollar on a one-way train to the cellar, or is it finding a bottom and ready to party?

Is the dollar about to fall out of bed...or just the basement window?
(Source: BarChart.com)

Take our quick poll and let us know what you think the dollar's going to do over the next 2-3 months. We'll be tallying the results this week, in order to compile an unofficial "dollar sentiment" index for readers!

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