The euro fell to a four-month low as the official response to the Cyprus crisis has undermined confidence.
The Dollar Index is making fresh highs on this most recent move and is back to its June 2012 spike. A break above 84 will take the Dollar Index to a multi year high.
The Dollar, it seems, is going through a character change, rallying on both good news and bad.
Disclaimer: Ventura Securities Ltd has taken due care and caution in compilation of data for its web blog. The information has been obtained from different sources which it considers reliable. However, Ventura Securities Ltd does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Ventura Securities Ltd especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its web blog. The information provided herein is just for the knowledge purpose and shouldn’t be construed as investment advice under any circumstances.
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