It’s all about the Benjamin’s
The U.S. Dollar has opened lower on the day. This has given the major stocks indexes a slightly higher gap up this morning. While many believe the dollar trade has decoupled from the market we do not. Remember a lower dollar gives commodities and inflationary stocks a lift. This entire rally from the March lows has been on a weaker dollar with the exception of the past three weeks. Please realize that the last three weeks have seen some of the lightest trading volumes in the month of December.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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