http://fischerjordan.com/includes/B12/ege-2013otvety-po-russkomu-yazyku.html Ten Month Low on the Dollar
source site The US Dollar Index Future (DXY) gapped down 1.3% today at 78.27 approaching September 2008 lows.
This dollar drop immediately brought money into gold up nearly 2% to the 950+ level. Gold is the pure play on the dollar. Gold and silver stocks also rallied with AUY,GDX, NEM and PAAS all up 3-4%.
Crude is up $1.40 at 68+and some energy stocks rode the wave: APA,DVN,KWK,and HES up 2%.
The broader based OIH and XLE energy plays were up less that 1%. Despite weak fundamentals energy has traded with the dollar. The Russian ETF RSX also trades as a proxy for crude up 2% today.
The dollar has been extremely volatile this week buffeting commodities and commodity stocks.
http://antiquewarehousemall.com/2013/02/christmas-all-year-round/comment-page-1/ From Bloomberg today–
Dollar Weakens to Year Low as U.S. Economic Contraction Slows
By Ye Xie and Sapna Maheshwari
July 31 (Bloomberg) — The dollar declined to the lowest level this year against six major U.S. trading partners after a report showed the U.S. economy shrank less than economists forecast, reducing the demand for the greenback as a refuge.