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Yellen has killed the strong dollar rally
The dollar-euro parity party may never come. The strong dollar's rally could be on its final breath after a remarkable run last year. The value of the dollar has fallen this this year against the euro, Russian ruble, Brazilian real and even the Mexican peso. "We have a view that the dollar has likely already peaked," says Paul Eitelman, investment strategist at Russell Investments. Those losses aren't small either: Brazil is in a historic recession, yet the dollar is down 10% against the real in 2016. It's fallen 8% against the bankruptcy-ridden ruble, about 5% versus the euro and it just went into the red against ... (full story)
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