I speculated yesterday that we may be due for stocks and the dollar to part company and actually move in the same direction for a change. It looks like that is underway, based on the price action in the very recent past. EUR/USD continues to lose ground modestly while US equities have stabilized and begun to rally again.
Stocks can rise in better growth and earnings and not just cotton candy from the Fed (in the form of more QE3) and the dollar can do the same.
Long may it run!
