Interesting that it took a simulative Fed statement on tapering coupled with a rates outlook to give the Dollar Index (DXY) its biggest gain d/d since August.
Traders can gain access to the U.S. through the Power-Shares DB US Dollar Index Bullish Trust (UUP, quote) ETF.
What’s it mean: With no inflation and a smaller balance sheet people can focus on the relative outperformance of the U.S. economy.
Gold, by the way, kisses the June lows and in my view will break lower to test the $1,100 in Q1 next year.
