The dollar is rallying with the safe haven bid unwinding as geopolitical tensions wane and Fed member Dudley has talked up the prospect of another rate hike this year. There are subsequent reversals of the gains on assets such as gold, the yen and the Swissy. There has also been a sharp rebound in Treasury yields as the attraction of US government debt wanes. This is helping to pull the US dollar higher, with the Trade Weighted Index picking up. However there is more that needs to be done to suggest that the dollar is going to sustainably engage a recovery, and that is likely to be data driven. New York Fed President ... (full story)