The US dollar's recent slide is flashing a bullish signal for markets

• The US dollar's recent decline is a bullish signal for global markets, DataTrek reports.
• Since its September peak, the US Dollar Index has fallen by 11.3%.
• "This is one of those developments that, at first, may seem counterintuitive to dollar-based investors."

The dollar's recent slide is good news for global markets as it signals that investors may be starting to shed safe havens, according to DataTrek.

And the greenback — as measured by the Nominal Broad US Dollar Index — is poised to continue falling toward its long-term average of 115, which 3.8% below current levels, Nicholas Colas, co-founder of DataTrek Research, said in a note.