The U.S. dollar spikes higher ahead of today’s market open. We’re now approaching a good week and a half of dollar gains with nearly a 4% move since December 4th.
That’s a huge move for any manufacturing company running on 10% margins. It’s also nasty for anyone operating on 50:1 leverage as many currency traders do.
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See Also:
- RBC: Beware A Double Dip, And A Disorderly Collapse Of The US Dollar In The Second Half Of 2010
- The Dollar Bulls Are Multiplying Like Rabbits
- Desmond Lachman: The Dollar Is A Mess, But Here’s Why The World Can’t Ditch It