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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
