an tSionna {The Dollar}

BeSpoke Investment Group discussed the decline of the dollar today, remarking on the fact that even though stocks advanced yesterday, the dollar hit new lows.

"Somewhat lost in the shuffle amidst {yesterday's} big rally in stocks was the dollar's move to new lows. In fact, {yesterday} the US Dollar index broke below its lows from last November, putting it at levels last seen in late 2009. As shown in the first chart below, the dollar has been in a pretty severe downtrend since June 2010.

A chart of the US Dollar index going back to 2007 shows the wide range that the currency has traded in over the past few years. After making its multi-decade low of 71.33 in 2008, the Dollar index rallied up towards 90 as equities declined. Once the financial crisis ended, investors fled the dollar and the index traded down to 74.26. Another rally in 2010 put the Dollar index back at the top of its range near 90, and it has been declining ever since....."

Link:  Dollar Decline.