The U.S. Dollar Index surged to an 11-month high this week as central banks around the world look to continue pushing stimulus programs.
The European Central Bank (ECB) is likely to keep interest rates low for the foreseeable future and is being pressured to provide for stimulus for a region on the brink of a new recession. The Bank of Japan (BOJ) has been upfront with their stimulus plans, including creating inflation by devaluing the yen.
As major central banks outside the U.S. are in stimulus mode, the Federal Reserve is set to wind down its current bond buying program in October. The move by the Fed will help push the greenback higher, and with the ECB and BOJ attempting to pressure their currencies lower, it is a perfect storm for ...
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