The Dollar Index (DX) slips below the critical support of 81.30 to currently trade at 81.07 though wider swing support is at 80.60; despite depreciating Greenback, most of the asset classes especially the equities traded flat with weaker bias as against historic correlation wherein both are inversely correlated.
Historic Correlation Less So
The benchmark equity index of the Dow Jones Industrials Average (DJIA) is trading flat at 15475; the major is intact till it manages to trade above 15300 but rally is expected only above 15660. Historic correlation between DX vs. DJIA seems to be getting less significant wherein the benchmark equity index is trading firm despite the Dollar weakness.