Is The U.S. Peso Making a Comeback?
Submitted by CARPE DIEM
Through today, May 7, the broad dollar index from the Fed (data available here and here) reached 96.32, the highest level in more than 10 weeks, since February 26. Over the last 11 trading days since April 22, the dollar index increased by 1.55%, the biggest 11-day gain in almost two years, since January 20, 2006 when the dollar gained 1.59% in 11 trading days.
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