Don't assume the USD is going up and up forever

Don't assume the USD is going up and up forever. After Switzerland shocked markets by scrapping its currency cap, investors are beginning to ask whether a policy surprise may be lurking for the dollar, too. A shock from the Federal Reserve, such as raising interest rates less quickly than investors expect, may derail the greenback after it advanced to the highest in a decade, State Street Global Advisors Inc. warned. Collin Crownover, the Boston-based head of currency management at State Street says If we do have outcomes, either from the Fed that are less hawkish, or outcomes from the European Central Bank that are less dovish than are expected, those two could conspire to hurt the dollar against the euro. (VIEW LINK)


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