The bull-market in the dollar has legs

The dollar index, which tracks the greenback against a basket of major trading partners’ currencies, has leapt to a four-year high.

The dollar index, which tracks the greenback against a basket of major trading partners' currencies, has leapt to a four-year high. It has gained over 7% in the third quarter of 2014 alone, and it looks like the bullish trend will endure.

The latest rise has continued for 11 weeks on the trot, a record performance in the era of floating currencies that began in the early 1970s, notes Simon Smith of Fxpro.co.uk. The dollar has also strengthened against the euro, and it's at a six-year high against the yen.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.