US Dollar And US Equity Inverse Relationship Holds Today (UUP)
Symbols: UUP
The inverse relationship between the US Dollar and US Equities evidenced over the past year or so is again supported by today’s trading.
The US Dollar, as measured by Power Shares US Dollar Bull ETF (NYSE: UUP) is up 0.22% today, while the S&P 500 is down 0.22%.
Gold however is bucking the usual trend with the Dollar, where both are trading up today.
Gold after breaking through an all time high yesterday is currently trading up 0.2% to $1,041/ounce.
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