Wednesday 23 November 2016

US Dollar. Bitch Better Have

Money is a 2015 top five hit for Rihanna. Likewise if you are carrying US Dollars with you, Bitch or otherwise, you have MONEY.

Bloomberg has the lowdown on what's cooking with the US Dollar. Read Below:

Dollar Rises to Decade High on Fed Bets as Bonds Slip With Gold

 The dollar rallied to the highest level in more than 10 years.

The greenback climbed against most of its major peers, touching its strongest level since March versus the yen.

“You see the dollar spike again and Treasuries down again,” said Timothy Ghriskey, who helps manage $1.5 billion as chief investment officer at Solaris Asset Management LLC in New York.

“This all has to do with the feeling that the Fed is likely to be more aggressive over time.”

The dollar dominated the session, rallying versus 14 of 16 major currencies.

* A gauge tracking the greenback against 10 major peers rose 0.6 percent as of 4 p.m. in New York. 

* The dollar added as much as 1.7 percent versus the yen, reaching its strongest point since March 29, and advanced 0.7 percent against the euro.