Dollar Will Spearhead Global Rally

11.05.2016 • Investing

From the Daily Reckoning (AUS) – Another stable day awaits the ASX. The Dow’s up a couple of hundred points. Gold is steady. The dollar is holding around 73 US cents. The real action on markets won’t kick in until we start to see the US dollar strengthen. There’s been a very strong correlation between the softening US dollar and the resumption of rising commodities and share markets. The USD index (which measures the USD against a basket of currencies) fell around 8% from the start of the year. But, in recent days, the index has started to recover some of that ground.

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