US Dollar Index Hits an 11-Year High, Metal Prices Retreat

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The US dollar keeps on appreciating and easily overcoming every test on its way up. Last week, the dollar index registered an 11-year high. We haven’t seen the dollar this strong since 2003.

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If you remember, this is a phenomenon we noticed in September, when we pointed out that the dollar was ready for a run and that commodities and, therefore industrial metals, would take the hit.

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