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US Dollar Soars to 2019 Highs, What's Behind the Rise?
Dollar bulls are in control as the greenback rips higher against all of the major currencies. USD/JPY broke above 112 to rise to its strongest level this year while EUR/USD dropped to its lowest since June 2017. With no US data on today’s calendar, there wasn’t any obvious catalyst. US yields are down and stocks did not extend yesterday’s gains. However with US equities trading near record levels and the Bank of Canada adding to the chorus of central bankers talking about easing, the persistent rise in stocks makes the Federal Reserve more and not less likely to tighten. Weakness abroad along with improvements ... (full story)