For those who like to dabble in currency trading — and there’s more than a few of you — the chart below may be of interest. From Nomura, it shows the reaction in the US dollar index, or DXY, before and after interest rate increases from the US Federal Reserve over the past few years.While the performance of the dollar before rate hikes has had mixed fortunes, the same can’t be said after the Fed actually lifts rates. On most occasions, the dollar actually falls, rather than gains, following a rate hike. So what gives? Aren’t higher interest rates supposed to make a currency more attractive to investors, seeing its ... (full story)