Economics
After Dollar's Jarring Plunge, Traders Face a 2018 Straitjacket
- Greenback rangebound since January as key drivers stall
- Yet potential triggers for breakout lurk, analysts say
What to Expect After Dollar Erases Monday's Decline
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Foreign-exchange investors who grew accustomed to a one-way dollar trade over the past year suddenly face a new challenge: a sideways market.
A widely tracked gauge of the U.S. currency has been confined to a range of just 3 percent over the past two months, displaying signs of exhaustion after plunging as much as 15 percent since the start of 2017. The U.S. Dollar Index was up 0.6 percent in Tuesday trading in New York.