BLOOMBERG.COM

Traders have pushed the dollar higher based on their confidence of an approaching divergence in central bank policies – that is, a tightening by the Fed even as other systemically important institutions such as the European Central Bank, the Bank of Japan, the Bank of England and the People’s Bank of China maintain or intensify their loose stance. But in contrast to the earlier period, the impact on U.S. stocks has been very muted...Read more>