Dollar Hits Highs On Fed Guessing Games

Despite their mixed fortunes the equity class continues to reign supreme, driving both foreign exchange (forex) and most fixed-income positions, as the U.S. dollar starts this holiday-shortened trading week sitting atop a two-month high. Last week, investors managed to shift their collective attention to the increasing flow of stateside earnings reports and found them mixed -- a result that had equity prices ending the week where financials were hardest hit. This is in contrast to the Asia-Pacif...