History is not on the dollar's side. In the last couple of decades, the dollar index .DXY, which measures the greenback against a basket of six currencies, has fallen every time the Federal Reserve has begun a cycle of interest rate hikes. This Graphic shows the change in the dollar index before and after rate increases: reut.rs/1PuuPZI The Fed likely to hike on Dec. 16 for the first time in almost a decade and many big banks, including Goldman Sachs and Morgan Stanley, think the dollar uptrend that began in the second half of 2014 remains intact. Speculators are holding huge bets in its favor, given the U.S. economy ... (full story)