Weak Dollar

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I woke up very early this morning (anxiety, I would suppose, about the week ahead) and saw that the dollar was weak and, thus, gold and oil were strong. Here's the EUR/USD, showing the relative strength in the Euro:

0720-eur

A break above the high set on December 28, 2008 and June 2, 2009 (which would also be a break above the descending trendline you see) would spell out good news for the inflationists (and those long gold and oil).