|Thanks in part to a large US trade deficit and a weak US economy, the US dollar continues to trend lower. For some perspective, today's chart illustrates the current trend in the US dollar (blue line) as well as that other world currency, gold (gray line). As today's chart illustrates, the performance of the US dollar has varied inversely to that of gold since October 2005. It is worth noting that the US dollar is currently testing support.Notes:
- The market is at a critical juncture. Where we go from here may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
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Quote of the Day"Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today." - Peter A. Burshre
Events of the DayMarch 09, 2008 - Daylight Saving Time begins (US)
March 17, 2008 - St. Patrick's Day
March 18, 2008 - NCAA men's basketball championship
March 20, 2008 - First day of Spring (Northern Hemisphere)
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