Brown Brothers Harriman FX Chief: USD Bullishness Likely to be Short-Lived

The greenbacks resurgence since late November may not endure, according to Brown Brothers Harriman Currency Strategy chief Marc Chandler. I'm not sure this is the real thing, he told Bloomberg Radio in an interview on Monday. People have been short the dollar all year and want to take some money off the table, Chandler said of the greenbacks rise. Since Nov. 26, the U.S. Dollar Index, which monitors the greenbacks relationship with six major currencies, has risen by as much as 5.7%. Furthermore, the indexs intraday high of 78.449 on Dec. 22 was its strongest level since Sept. 4, when it got as high as 78.699.