The Dollar As A Petrocurrency

A week ago, I asked how much further the dollar could run. The greenback was riding an eight-week winning streak, and although I suggested it might be due for a breather, I also conceded there was ample scope for additional gains. Although Bloomberg's dollar index snapped the streak, the DXY kept on going. The dollar's now one good week away from the best levels since November, when a cool CPI report triggered a big pullback. The euro, meanwhile, fell a ninth week (no) thanks to a very roug

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