The Dollar fell to new lows on the Dollar Index (cross currency) this morning, briefly dipping below the 75 mark..
Low 74.977 – 2009-11-09 – 08:22:26 US Eastern Time
75 on the Dollar Index is highly significant as it is the point that many analysts have added provisos to their forecasts, saying..
“If USD Dollar index goes below 75… ...All bets are off..”
Whilst at almost precisely the same time Gold momentarily breached $1110 per Oz trading at $1111.70..
It’s going to be an interesting day