“Strong Dollar” Headed for the Chopping Block?

(Before It's News)

by Wolf Richter
Wolf Street

Moment of truth for over-indebted Corporate America.

Fed Chair Janet Yellen herself put a December rate hike back on the flip-flop table today. Instantly, the dollar regained additional strength. It has been rallying recently, after a rough summer when disappointing economic data hailed down on the land while the Fed flip-flopped on rate hikes. Now the theory goes that the dollar will continue to rally.

But not so fast, says a new report by Stéfane Marion and Krishen Rangasamy, economists at NBF Economics and Strategy. While the dollar may still have some upside “over the near term,” they write, it is “close to peaking.”

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