The US dollar has hit a new low for the year verses a basket of other currencies. Though the stock market may be moving higher, all gains will be offset by the loss of purchasing power in the dollar. Folks would be wise to fill their cars before gas moves above $4 a gallon. Better yet, buy some oil, gold, silver or other commodities and profit from the dollar's decline.
Dollar index is below 77.5 and I am looking for it to continue to fall to the 71-72 range. The later level is where the dollar was last August before the massive deleveraging in the stock markets. However, because of the massive "money printing" do not expect the dollar to rally this fall like it did in 2008.
Here is the chart: http://quotes.ino.com/chart/?s=NYBOT_dx
