Dollar Fell Down but Still Going Strong

The dollar took fell down on Tuesday but was still not far from four-year peak against most major currencies, and could be on track to post its biggest monthly gain in over a year.

Some analysts cautioned that its three-month long rally was at risk of running out of steam for now, particularly against the yen.

Over the past three months, the dollar index has risen more than 7 percent, with the reason might be the expectations that the Federal Reserve will start to raise interest rates well ahead of its European and Japanese counterparts.


Trading TipThe USD has been doing well lately and it's a good time to trade it.


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