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JUN 22, 2013 - Zero Hedge

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Dollar Catches Big Mo'

The US dollar was trading at four month lows into the middle of last week against the euro, sterling and Swiss franc.  This was reflected in the Dollar Index, which was also at four month lows.   The greenback concluded the week with a strong three day advance that retraced a third to half of its decline since late May.  It also moved to new highs for the year against the dollar-bloc and many emerging market currencies, including the Mexican peso, Brazilian real, Turkish lira, Thai baht and Indian rupee.   The impetus came not simply from Bernanke laying out the general ... Read More

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