Follow the Dollar Index
The U.S. Dollar Index is a basket of six major currencies weighted against the greenback and rolled into one composite price index. It's not only a barometer of the health of the U.S. currency but also of the general health of the U.S. economy. The value of the U.S. dollar on the foreign exchange markets also exerts influence over many other markets, especially on a day-to-day trading basis.
Traders and investors should keep a close eye on the U.S. dollar index in the new year, as it will continue to provide guidance and influence over many other markets, including the U.S. stock indices, U.S. Treasuries and raw commodity markets....581 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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