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Pick up our latest Bear Traps Report here.
The Fed governors have successfully talked the dollar higher. So far Mr. Market hasn’t slapped them across the wrist, but we know that’s coming.
The U.S. Dollar posted its best monthly gain in almost two years on speculation the Federal Reserve is getting closer to raising interest rates as soon as June. Bloomberg’s Dollar Spot Index, which tracks the greenback against 10 major peers, added 3.7 percent in May, its best performance since September 2014.
At the Bear Traps Report, we made a bullish call on the U.S. Dollar on May 2nd. For a look across the meadow of the next six months, winners and losers. Pick up our latest Bear Traps Report here.
