Post-Election Day Rally Lifts U.S. Dollar to Best Quarter Since 2008: Chart

Posted by jbrumley on December 28, 2016 4:50 PM

By Netty Idayu Ismail, Bloomberg

With two trading sessions to go, the run for the U.S. dollar has the currency on track for its best quarter since 2008. Most of the gains for the Bloomberg Dollar Index came after Nov. 8 on bets President-elect Donald Trump will boost economic growth and inflation when he takes office next year. Some are sounding caution, with Nader Naeimi, who heads a dynamic investment fund at AMP Capital Investors Ltd. in Sydney, saying the rally may be running out of steam.

122816-dollar-bloomberg

Courtesy of Bloomberg

BECOME A BIG TRENDS INSIDER! IT’S FREE!