Wall Street Manna

An irreverent look at Wall Street

Friday, May 27, 2011

Wall Street's new forex indicator if the dollar will fall

This morning you had news like this:
Oil was higher in Asian trade today as the US currency weakened against the euro, boosting investor appetite for dollar-priced commodities including crude, analysts said.

and this in the WSJ
MUMBAI (Dow Jones)--The Indian rupee rose against the U.S. dollar Friday, mirroring strength in major currencies against the greenback and helped by gains in the local equity market.

Dollar down--wait dollar up!

When the real indicator on the dollar on Wall Street is this:

It's hard for the dollar to fall when everyone's being a tight *ss!


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