History Shows Time to Sell Dollar Is Now With Fed Near Liftoff
Is Now the Time to Sell the Dollar?
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Anyone looking for the dollar to surge after the Federal Reserve lifts interest rates has a short memory.
The U.S. currency strengthened an average of almost 9 percent during the six to nine months prior to the past three rate-rise cycles. After that, it's been a downhill ride, with the six-month drop averaging about 6 percent.