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The Fed could put the brakes on the dollar rally

From cnbc.com

Just how high can the dollar rise? The U.S. dollar index, which tracks the dollar's strength against a basket of six currencies but is primarily weighted toward the euro touched a 12-year high on Friday. Even more impressive than the level has been the pace—according to Steven Englander of CitiFX, the dollar's rally over the past eight months has been its fastest in at least 40 years. But far from being ready to take profits, many dollar bulls continue to say that it's still full-steam ahead for the greenback. With little resistance in sight on the chart, "we have another 10 percent to go," according to Todd ... (full story)

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  • Category: Breaking News