The dollar is rising on fears of a global recession and a deepening crisis in Europe, and some on Wall Street are expecting a change in its trajectory soon.
Later US currency’s strongest first half For more than a decade, investors who have avoided falling stocks and bet on U.S. economic resilience have helped it climb lightning fast. The WSJ Dollar Index, which measures the dollar against a basket of 16 currencies, rose to a 20-year high last week and is up nearly 2.5% this month. euro trading dollar equivalent For the first time since 2002, and the Japanese yen is devaluing to levels unseen since the beginning of the 20th century.