Dollar Update – September 24, 2009

 

Just a quick note on the dollar. We may have a tradable low in development at 76.045 basis the December futures contract.  Looks like we have an impulsive rally up through today, September 24.  But, we will not have confirmation until a retracement takes place.  I’ll be watching the upcoming action and may put in a trade based on what I see. I’ll be watching and waiting.