The Bloomberg Dollar Spot Index rallied on Tuesday despite a disappointing report from the Federal Reserve on March industrial production and capacity utilization. ( vtwinpixel / iStock )That marks a break from the recent past, when the dollar tended to move in the same direction as the surprise index. The other thing to note is that the market is more bearish on the dollar than any time in the past year, based on the options market. Although equities have largely recovered, investors need to keep a close eye on the dollar. The firm recommends going long Australia’s dollar versus the New Zealand dollar, the Canadian dollar or the South African rand, according to Bloomberg News’s Susanne Barton.

Source: thestar April 17, 2019 12:22 UTC