A dollar remontada?

Here is a chart we think is worth contemplating about US dollar.
By Markets Chimp

9/26/17 10:48 PM

  • After Chair Yellen's speech today, pointing  that the Fed is willing to raise interest rates gradually, the probability of a rate hike next December jumped from 65% to 76%.
  • As you can see in the above chart for DXY, the US dollar kept on strengthening today in addition to an increase in US government bond yields.
  • It is worth noticing that as we mentioned here before, the weak US dollar was one of the factors impacting US equities rally since end of 2016. Thus, keeping an eye on the Dow will be very advisable.


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