Day 3 | The US Dollar Study
12 Days of Christmas: Themes to Know for 2017
Today, I wanted to spend some time on the US Dollar to provide you with an updated view on its technical picture and some historical context for its price movements. Now is a very important time to delve into the behavior of the “greenback,” as the US Dollar’s recent improvement has been among the more notable positive developments and is a trend we need to be aware of as we head into 2017. On a year-to-date basis, the US Dollar has gained 2.37% (thru 12/12/2016), but much of that performance has come during the fourth quarter, as the US Dollar has gained 5.80% since the start of October. This action has pushed the greenback to reach levels that haven’t been seen since April of 2003. This dollar has been bullish since May 4, 2011, the start of the current “rising dollar environment,” making it now the longest rising dollar environment since we have been tracking this currency.