I thought I’d have a gander at the dollar index over the long-term. Turns out, we broke a trendline drawn off a top dating back to 2002 yesterday. That line comes in at 84.53 with the front futures contract trading now at 84.65. A close above the 84.53 level suggests more upside ahead.
For reference, we traded as high as 89.70 in March of 2009.
