We’ve taken quite a ride since the New Year, we started the New Year at 3.74, we soared to 4.27 and are now back down at the 4.06 mark. At the same time the US Dollar index started at 104.52, got as low as 101.22 and now is back up 103.58
It’s crazy when you put them on top of each other–you can dramatically see how they track each other–weaker dollar, higher copper, stronger dollar lower copper.
Who knows which direction wins out–but this past month has shown these two items really moving hand in hand.
