Anyone that uses the U.S. Dollar as their main currency for trade just lost a little more purchasing power today. The U.S. Dollar Index is declining by 0.70 cents to $78.81. This decline in the U.S. Dollar Index usually helps to inflate the stock markets higher. That is certainly what is happening today as the SPDR Dow Jones Industrial Average(NYSE:DIA) and the SPDR S&P 500 Trust(NYSE:SPY) erase an early gap lower open.
Gold, silver, copper, and most other commodities are all trading higher today as the U.S. Dollar Index continues to decline. It is hard to think that the stock market index could close lower on the session with the U.S. Dollar Index declining so sharply.