Dollar gets no flight to safety bid

|By:, SA News Editor

Rising rates, the decline in stocks, and escalating violence in Egypt provided no bid for the greenback which fell across the board today.

The dollar (UUP -0.7%) lost more than 1% against the Swiss franc (FXF +1%) and nearly 1% vs. the yen (FXY +0.8%) and cable (FXB +0.9%). The euro (FXE +0.7%) gained nearly three quarters of one percent.

Typically the first to sell off when markets get a bit panicky, even the loonie (FXC +0.2%) and the aussie (FXA) picked up ground against the U.S. unit.

A reason? Maybe the commodity sector (DBC +1%) - it was notably strong with metals, energy, and the grains all higher.

Related dollar ETFs: UUPT, UDN, UDNT.

Broad commodity ETFs: DJP, GSP, LSC, RJI, GSC, GCC, GSG, DBC, DPU, DJCI, UCI, USCI, DYY, UCD, DEE, CMD, DDP, RGRC, CTF, CFD CSCR, CSCB.