Interest Rate Roundup

Friday, April 27, 2007

Will the dollar index hold?

Here's a chart of the Dollar Index, an index that measures the performance of the buck against six major world currencies. The euro is the most heavily weighted (57.6%), following by the yen, pound, Canadian dollar, Swedish Krona, and Swiss Franc. As you can see, the DXY is at critical technical support -- shown by two lines in this chart. Will it hold? Will it break?


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