The US dollar fell against most of the major currencies over the past week. The yen and the Swiss franc were the exceptions. The technical correction, we anticipated last week, may have some more room to run. However, we do view it as a counter-trend move and expect the data to show the US economy picked up some momentum going into the end of Q1. If recession fears are exaggerated so too are expectations that the Federal Reserve will cut rates. An adjustment of such expectations can be the fuel of the next leg up for the dollar. Dollar Index: The Dollar Index tried one more time to push through the 97.50 area at the ... (full story)