U.S. Dollar Wrapping Up Strong Week, But Strategists See Risks Ahead

(CEP News) - A modest gain on Friday capped the strongest week for the U.S. dollar since the start of 2005 but strategists say a renewed surge in commodity prices or a pullback in rate hike expectations could stall the greenback's recovery. The U.S. Dollar Index climbed 0.4% on Friday and is up 2.4% on the week for its biggest one-week rise since January 2005. The bulk of the gains have come against the euro (2.6%) and Japanese yen (3.2%). The Canadian dollar is down 0.89 cents on the week, or 0.9%. More...[url]http://www.economicnews.ca/cepnews/wire/article/90718[/url]