The greenback is back—at least for now.
With a rapidly worsening European economy, a boost from the Barack Obama presidency and a craving for safety with at least some return, the dollar is riding a new wave of enthusiam among investors.
Though the rebound is expected to last at least six months, analysts caution that it could also end fairly quickly.
The dollar has been trading at its highest level against the euro in more than a month as bad news continues to pour in from Euro zone banks. Central banks are expected to take more aggressive moves to cut interest rates, weakening their currency even more and boosting the dollar.
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