Dow at 12,000+ | Forex Factory

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Dow at 12,000+

  • #1
  • First Post: Oct 18, 2006 9:11am Oct 18, 2006 9:11am
With the Dow topping 12,000 will this have any major effect on currencies, esp. the GBP/USD?
  • #2
  • Oct 18, 2006 9:16am Oct 18, 2006 9:16am
Quoting 1Sundevil
With the Dow topping 12,000 will this have any major effect on currencies, esp. the GBP/USD?
Probably not. Although a record milestone for the dow, it doesnt really mean much for currencies. Look at what caused the dow to jump up, the economic news. That news has also caused cable to drop, strengthening the dollar, but the dollar won't strengthen more since the dow went up. USD strength is not in lockstep with US stock market, although some things can effect them both. I can't even think of a good example of when a change solely in the stock market caused a change in USD strength (although there is often correlation without causation, ad hoc relationship)

PS I am a sun devil too! Are you attending right now?
  • #3
  • Last Post: Oct 18, 2006 9:53am Oct 18, 2006 9:53am
Quoting Americantek
PS I am a sun devil too! Are you attending right now?
Thanks for the info. I graduated in 1992 and I'm a huge Sun Devil football fan (and now basketball with Sendek at the helm). Just went to the ASU-CU game here in Boulder a few weeks back.

Always good to see a fellow Devil on here.
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