Dollar near peak, U.S. could slip into recession in 2017: Saxo Bank CIO

The dollar's rally since the U.S. election is likely to run out of steam soon and the damage from its strength in the past month could be enough to put the world's largest economy into a recession, an investment chief at Saxo Bank said on Monday. The dollar has rallied on expectations that President-elect Donald Trump will increase fiscal spending and deregulate key industries, leading to higher U.S. growth and interest rates. The dollar index rose as much as 4.2 percent at one point against six