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Can anything stop the dollar in its tracks?
The dollar is back. After taking a breather on Monday, it is continuing to push northwards as we move into the last day of the month. September has been a stellar month for the greenback; the dollar index has risen by 3%, its best monthly performance for 2 years. What is more amazing is that the USD has risen even though the August payrolls report was much weaker than expected, and even though some Fed members, including the powerful William Dudley from New York, have been throwing about suggestions that rates won’t rise until inflation is above 2% (currently it is at 1.7%). The market seems to be ignoring the fact ... (full story)
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