The Comeback of King Dollar?

by: Mark J. Perry

Click to enlarge

Over the last eight trading days, from April 22 to May 2, the U.S. Dollar increased by 2.57% (from 69.7218 to 71.5147), as measured by the Federal Reserve's Trade Weighted Dollar Index for Major Currencies, data available here.

This is the largest 8-day percentage increase in the dollar in more than 3 years, since January 7, 2005, when the dollar increased by 2.74% over a 8-day period.