TRADERS HAVEN'T BEEN THIS BEARISH ON THE US DOLLAR IN YEARS

The once high-flying US dollar has had a year to forget in 2017. The US dollar index, or DXY, has fallen by more than 10% since hitting a multi-year high in early January this year, undermined by a combination of political gridlock in WASHINGTON, soft US economic data and improved economic activity elsewhere in the world. It's been a remarkable turnaround from what was seen in late 2016. Gone is the enthusiasm to what a Donald Trump presiden...

BusinessInsider (Date:08/14/2017 07:26) Read full article >>

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