Is The U.S. Dollar Rally For Real?

Could be beginning of a new bull market In this column in September, I wrote of how the U.S. dollar has been in a long bear market since 2001, while investors and traders were acting as if the dollar’s decline had just begun this year. Betting against the dollar had become the talk of the financial media, with “Sell the dollar, buy the Euro” the most popular advice from analysts. With big profits having already been made by the smart money that had been shorting the dollar for several years, and public investors belatedly convinced the dollar’s total demise was imminent, I said…