The US dollar's strong advance ended a month ago. Weak economic data encouraged investors to push out their expectations of the Fed's first rate hike. Some are even shifting it out of 2015 entirely. At the same time, economic conditions and lending improved in the eurozone. The stabilization, and then recovery in the price of oil, has helped ease, on the margins, deflationary forces. The persistent and sharp dollar gains also stretched speculative positioning, judging from the futures market. A period of consolidation or retracement comes after an extended trend like night follows day. Within the ranges, the dollar ... (full story)