The weekly Market Update is posted at Alpha Baskets and includes the following;
The year to date decline of the US Dollar Index (DXY) took a steeper turn last week down to 97. It was just a few months ago at 103 that we talked about that level being the historical upper end of the range. Bullishness for further gains was plentiful but sometimes past resistance wins. The DXY is a long way from any downside support as significant as 103 has been to the upside. The DXY was at 80 in 2014. There are positives and negatives to a dollar trending lower including foreign equity holdings providing the currency appreciation tail wind for investors.
Please click through to read the entire update.
Auckland, New Zealand February 2012
University of Phoenix Stadium hosting Copa America last June
Horny toad here in Walker