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Analysts: Is The Dollar Rally Running Out Of Steam?
While dollar-yen has risen to new seven-year highs just shy of Y119.00 this week, the greenback has been far less resilient against other major currencies in recent sessions. That the euro, sterling, Swiss franc and other non-dollar currencies have been more buoyant than expected and not back at the lows seen earlier in November, has some players wondering if the 2014 dollar rally is running out of steam. "The last two weeks, the dollar has hardly done anything - the only thing moving is dollar-yen," observed one U.S. trader. "The euro and the yen are the only movers," offered another trader. The euro, at $1.2552 ... (full story)