For a currency that was expected to continue to push higher, heralded by a change in monetary policy with a 25bps rate hike in December, the US Dollar fell across the board this week. The Dollar Index now sits at 96.65, breaking below December 2015 lows. The turnaround in the US Dollar this week was rather significant with four straight sessions of declines. For most traders who were long on the US Dollar, this week would have been a nightmare. So why did the US Dollar fall this week and what’s in store? An honest answer ....
