Tuesday, 4 November 2014

Dollar Smashes through Resistance as Mega-rally Gathers Pace

THE DAILY TELEGRAPH: HSBC says we are at the early stages of a dollar bull run that will change the world

The US dollar has surged to a four-year high against a basket of currencies and has punched through key technical resistance, marking a crucial turning point for the global financial system.

The so-called dollar index, watched closely by traders, has finally broken above its 30-year downtrend line as the US economy powers ahead and the Federal Reserve prepares to tighten monetary policy. Read on and comment » | Ambrose Evans-Pritchard, International Buisiness Editor | Monday, November 03, 2014