Several factors started working for the buck all at once lately. And they all started hitting on all cylinders yesterday. Oil went down from a new all time high of $100 a barrel to under $90 within the last nine trading sessions. Gold fell from a new all time high of $916 an ounce down as low as $877 with two days. That’s a fall of almost $50 in two days. Since oil and gold tend to trade inversely to the dollar, this aided the dollar’s recent rise. However, the biggest facet was the “rabbit” that the ECB “pulled out of its hat” yesterday. European Central Bank’s Mersch came out and stated that “downside risks” were a ... (full story)