U.S. Dollar Rebound: Inflection Point Turns The Dollar Into A Winner - Money Morning

"BY JACK BARNES, Contributing Writer, Money Morning
For most of the past year, anything involving the U.S. dollar has been what traders like to refer to as a 'one-way trade.'

And with good reason: Over the past year, the U.S. currency has traded in only one direction - down.

Indeed, during the period in question the dollar is down 8.3% against the British pound, 11.65% against the European euro and 14.2% against the Japanese yen. On a year-over-year basis, the biggest gains against the dollar have been notched by the Australian dollar (20%) and the Swiss franc (26.7%). This freefall by the greenback is part of the reason that gold and silver soared to new records and commodity prices have zoomed during the past year."
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