Home » USD index » USDollar Index 26 Nov 2009

USDollar Index 26 Nov 2009

Dollar Index Chart 26 Nov 2009

Dollar Index Chart 26 Nov 2009

If the Fed doesn’t care about the USD then why should we and hence yesterday’s comprehensive rout which has spooked both the Japanese & Swiss as investors flooded into these “safe haven” currencies to the extent that the SNB intervened once the Swissy broke parity.  As always all the action was reflected in the USD Index and the above chart looks as broken as the poor old US Dollar!  Listen to excellent explanation from Jennifer Hughes of FT about Fed comments & their significance.

What is one of the best retail forex trading platforms?  In my view it is Metatrader 4.  Advanced, powerful & intuitive it now comes with ECN execution, so you can happily scalp away without broker or dealer intervention.  Just download your free demo copy of MT4 by following this link – download metatrader free –  and get started today.  Don’t forget to follow my daily posts for updates and analysis of the forex markets to help you with your forex trading – so good luck and good trading.