The dollar, while being outshone by the yen’s performance as of late, is also making waves as it hits two-year highs. The U.S. Dollar Index broke a seven-year slide in April, and has appreciated 19.4% since its low. It’s still 29% off its high reached in July 2001, however.
Some analysts doubt the dollar can continue, says Trang Ho for Investor’s Business Daily. The PowerShares DB U.S. Dollar Index Bullish (UUP) has been on a tear for awhile now, up 5% for the last two weeks, 11.7% in the last month and up 16.1% in the last three months.
Read the disclosure, as Tom Lydon is a board member of Rydex Funds.