Thursday, April 21, 2011

Dollar Breaks 2009 Lows, Last at 74.09

The dollar has just broken 2009 lows, trading down under 74.10 during overnight Asian trading. The only support remaining between the greenback and oblivion is the 2008 low near 72.  The dollar will be hitting this by mid-May at the latest.  As this show will be running alongside the May COMEX default countdown, next month is shaping up to be a dandy!