U.S. Dollar Strength Intense But Nothing New In The Last 5 Years

Toronto (Oct 14)  In financial markets, the big story for 2014 has been the rise, at least during the second part of the year, of the U.S. Dollar against all majors but mostly against the euro. The rally first started with the U.S. yield rally this summer and continued as a result of awful European data as a weaker euro contributed to strength of its U.S. counterpart. The Federal Reserve’ change in tone of its monetary policy, from dovish to neutral to somewhat “hawkish” was also a major theme in currency markets.

The U.S. dollar move has been quite intense, but looking back over the last five year we will see, we have been trading around these levels on the U.S. Dollar Index and on the EUR/USD almost 10 times since 2009.

Source: KitcoNews