The U.S. dollar is on the cusp of another milestone in what is shaping up to be a historic bull run that few traders had anticipated just a few short months ago.
Jim Bianco, founder of Bianco Research, discussed the dollar’s prospects on Wednesday in a string of posts on X, the social media platform formerly known as Twitter. To put this in context, the last time traders were this bullish on the currency, the dollar index was about one month away from hitting a two-decade high. On Sept. 28, 2022, the dollar index reached 114.78, its highest level since May 2002, according to FactSet data.
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