Headline from the New York Times: Geithner Says U.S. Is Committed to a Strong Dollar.
Chart courtesy of FreeStockCharts.com
My goodness, what would the dollar index look like if the government weren’t committed to a strong dollar? It’s important to measure relative strength rather than to listen to the banter, especially when people have an axe to grind. And who doesn’t have an axe to grind?
