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Dollar Correction: How Far and How Long?
The US dollar's run stopped last week, but not before new highs were recorded against the euro, sterling, and the yen. By the end of the week, the euro had risen 1.4%, sterling 0.9%, and the yen had risen as much as the two of them put together. It was the biggest weekly gain for the yen in 16-months. There is one pressing question that international investors will be mulling this weekend: How far and how long is the dollar's correction? Technically, the dollar has had a strong bull run that has been sustained for several months, and the pullback, thus far, has been quite modest in terms of retracement objectives. ... (full story)
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