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The U.S. Dollar Opening Lower To Start The Trading Day

|Includes: PowerShares DB USD Bull ETF (UUP)

The U.S. Dollar is trading lower to start the day. Over the past 9 months the weak dollar has been very positive for the markets by causing increased exports and re-inflating commodity prices. The big question now will be oil. Does the $80.00 plus oil price hurt the American consumer again. In July 2008 when oil was $147/barrel it was the level that broke the market. Now with 10 percent unemployment and a dreadful housing crisis $80.00 oil may do the trick as a major negative.