If it seems like the S&P 500 and the Dollar move in the opposite direction of each other on a daily basis, it's because they pretty much do. In fact, since daily pricing of the US Dollar begins in 1970, the six month correlation between the daily change of the two is at its most negative level ever. The next most negative level of correlation between US stocks and the dollar came in 1982. We can only hope, however, that our stocks and currency can perform like they did in the years following 1982.
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