The Almighty Greenback Hits Six Month Lows, Analysts Left Scratching Their Heads

Most currency experts predicted that the dollar would rebound this year amid rising U.S. economic growth and interest rates.

But it hasn’t quite worked out that way. U.S. GDP growth shrank to a paltry 0.1 percent in the first quarter, and the 10-year Treasury yield has slid to 2.59 percent from 3.04 percent Dec. 31.

Meanwhile, the Dollar Index, which measures the greenback against six major currencies, has dipped 2.5 percent since Feb. 1, falling to a six-month low.

The Federal Reserve’s tapering of quantitative easing (QE) was supposed to lift both interest rates and the dollar….”

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