January 20, 2010
Dollar Index Ready to Challenge December High
The U.S. Dollar advanced sharply higher on Wednesday, buoyed by the news that China was reining in bank loans in an attempt to cool off the economy. The Cash Dollar Index finished
slightly below the December high at 78.45. Upside momentum is strong enough to take out this price tomorrow.
The availability of easy money through government stimulus and favorable loan conditions helped fuel a huge surge in the Chinese economy. The pace of the growth is …
