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Commentary Topic from greenfaucet

Three Reasons the Dollar Rally Continues

By Kathy Lien | July 07, 2008 | 11:17 PM | 2 Comments

July 4th has come and gone yet the dollar rally is here to stay. There are 3 things driving the US dollar higher today: 1. Hawkish Comments from Janet Yellen San Francisco Fed President Janet Yellen spoke in San Diego this morning. Like her counterparts at the Fed, she is paving the road for a third or fourth quarter rate hike. For dollar bulls, Yellen's concerns about inflation and less pessimistic take on growth were encouraging.

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