The U.S. Dollar Index is starting the morning higher by 0.32 cents to 80.54. Usually a strong dollar is a negative for the major indexes. However, when the light volume dominates trading the dollar seems to have a very small effect if any on the major indexes. Today is options expiration and often after the first couple hours of the session the market could go into a light volume sideways trading day.
Traders and investors that want to trade the U.S. Dollar index to the long side can use the PowerShares DB US Dollar Index Bullish (NYSE:UUP). For the traders and investors that would like to trade the dollar to the downside or short the currency can use the PowerShares DB US Dollar Index Bearish (NYSE:UDN).
