us dollar tanks, page-2

I disagree, the USD has bounced off .81 and is heading upwards at least temporarily during this lastest "Risk Off" event. Most of the "Basket of Currencies" that the USD is measured against is dominated by the Euro, so if the Euro recovers the USD could trend back below 0.81.

Regardless, the important thing about this USD ETF is that it tracks inverse to the $AUS and is priced in $AUS. Consequently I have been buying the USD ETF to hedge my stocks that I have kept. Its the $AUS that has broken support at 1.02 and could be heading down into the Mid .90's.