The dollar rally is over... at least for the short term.
For the past eight months, the U.S. Dollar Index has been on fire –
rallying from a low of 80 last July to a high of more than 100 early
last week. That's a remarkable 25% gain for a currency.
And up until last week, most folks thought the gains would
continue. You couldn't watch the financial networks for more than a few
minutes without some talking head commenting on the strength of the
dollar. (more)
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