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The U.S. dollar is on top of the world
Investors are pledging allegiance to the dollar. The U.S. Dollar Index, which measures the value of the greenback against a basket of foreign currencies, has climbed to its highest level in over four years. "The momentum of the dollar's advance is unprecedented," said analysts at Société Générale in a note Monday morning. The dollar has long been the world's top business currency and viewed as a "safe bet" among investors. But the recent run up is partly because traders believe the American economy is improving, especially relative to other parts of the world. This will compel the Federal Reserve to raise ... (full story)
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