The Dollar Continues to Rally

The dollar is at a five month high and it is causing the US market to celebrate by having a summer rally that is also fueled by the falling price of oil.




Oil is now under $116 a barrel, and down 21% from its peak at $147 a barrel. It was only a couple months ago that many were forecasting oil at $200 a barrel. It has gone down so far so fast that I would not be surprised to see it bounce back up to at least the $120 mark before heading back down to under $100 a barrel.