The greenback remained vulnerable throughout the New York morning but managed to stay below the 1.50 level despite continued strength in crude and gold. Comments supportive of the dollar continue to emanate from global officials, although they are having less and less impact on markets. ECB Chief Trichet may have…
Tag Archives: gold
Trading the Dollar With USDX
The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or currency futures contracts. However rather than…