The Traderszone Network

Published in TZ Latest News 11 September, 2017 by The TZ Newswire Staff

This Is The Dollar’s Worst Year Since The Plaza Accord

Entering 2017, the USD had been up four years running on a broad trade-weighted basis with 8.6% gains in 2014, 10.7% appreciation in 2015 and a more modest 3.0% move in 2016.

That last year was a less dramatic move, but from May 2nd lows to the 15+ year peak on January 7th, the buck was up almost 9.3% or 14.5% at an annual pace.

Unfortunately for greenback bulls, things have gone wildly off-script since.

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