NEW Updated Dollar Chart - 16 Dec 08
Dollar Weekly Chart:
Dollar Daily Chart
FROM YESTERDAY'S POST (BELOW)
The US Dollar was creamed today - falling over 100 basis points on anticipation of additional Fed Rate cuts tomorrow.
Looks to me like market deleveraging and PPT induced US Dollar Rally may be near completion - will likely take some time (couple/few months), but it's now set off to tests new lows once again - causing oil to spike back up over $100 again and spawning a new wave of consumer inflation.