U.S. Dollar Index (84.88)

Back in March I thought I could see continued U.S. Dollar recovery, and the ink wasn't dry before the index fell through its 200-Day Moving Average. The entire picture thereby took on a decidedly less attractive tone.

Now I will be satisfied if I see a short term breakdown pullback to approximately 89, followed by a retest of the 80.42 year end low.

Sorry to have to go back to a negative view of the U.S. Dollar beyond the near term. I'm not having much luck with my U.S. Dollar call.