The U.S. dollar rallied again last week – tacking another 1.78% onto its extended rally.
The current rally is the most dramatic rise we've seen in the buck
in the past 20 years. And, like most big rallies in just about any
asset, traders are piling into it in anticipation of further gains.
But the dollar's parabolic move is likely coming to an end...
Take a look at this long-term, monthly chart of the U.S. Dollar Index plotted alongside its 50-day moving average (DMA)...
The dollar is up 25% in the past eight months. That would be a
terrific gain for a stock – though not uncommon. But it's an amazing
gain for a currency – which tends to be much more stable. (more)
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