What's Driving the Dollar?

by: David Andrew Taylor

Both current conditions and expectations for the consumer confidence fell for the month. I'm a bit surprised at this. Income growth has been increasing, and the price at the pump has been easing. What gives with Ken & Barbie?

Then, the dollar rallies. Now that made no sense. But, I've been long dollars for a while now, so I'll take it all day long.

Perhaps the long-term outlook is overlooking the short-term economic data. But, when the dollar gets inspired by such negative news, you've gotta wonder what else is on the horizon.