Thursday, May 20, 2010

Dollar Index to Hit 88.5, then 'Collapse': Charts

The U.S. dollar index will continue rising over then next three weeks, but then collapse thereafter, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday.  Guppy said he sees the U.S. dollar index reaching 88.5 in the coming three weeks and then "collapse" to 81.5.  "Volatility is the characteristic of the dollar index at the moment," he said.

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