The US Dollar Index has shown declines throughout the month of September, providing some momentum to equity indices. Seasonality suggests that an intermediate bottom in the US Dollar Index is near, finding a short-term low at the end of September and remaining flat to negative into October and November. With the index heavily oversold, will the US Dollar Index declines soon come to a halt?
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Disclaimer:Jon Vialoux is a registered Associate Portfolio Manager at CastleMoore Inc. Comments and opinions offered in this website are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed. |
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