Thursday, January 1, 2015

Dollar has its best year since 2005

The U.S. dollar ended its strongest year since 2005 with gains versus major rivals as investors penciled in further strength in the U.S. economy and diverging monetary policy paths between a more hawkish Federal Reserve and dovish European and Japanese central banks. - Market Watch vis Drudge

...Overall analysts are bullish on the dollar going into 2015, as a strong improvement in the U.S. economy is seen as pushing the Federal Reserve closer toward raising interest rates. Additionally, the European Central Bank and the Bank of Japan are expected to keep monetary policy ultra-loose next year, which should weaken their currencies against the dollar....