Following this morning’s soaring inflationary and retail sales data, and following Yellen’s hawkish tone yesterday, March rate-hike odds have soared from below 25% to over 40%. The Dollar Index is extending its recent winning streak on this move – now up 11 days in a row, the longest streak since May 2012.
Rate hike odds are ripping higher as The Fed gets its way of pricing in a March rate hike…
And The Dollar Index continues to rise…
This is the longest USD win streak since May 2012.
- July 1975 – 11 days in a row
- Sept 1975 – 11 days in a row
- May 2012 – 14 days in a row
- Feb 2017 – 11 days in a row
And notably, if extends to 12 days tomorrow, will be the second longest winning streak in dollar history.
This post originally appeared on Zero Hedge