FX:USDOLLAR Dollar Index
While the notional levels are different and the historical relevance, both the Dollar and S&P 500 are staring down the same general 2015 resistance. For the currency, it is the 12-year high set in March/April. For the index, it is the record high set in May. Both are within reach. Both have distinct connection go Friday's top event risk: October NFPs. Will the correlation carry through the next big move? Are we looking at a break or reversal waiting to happen?