A close-up several US 100-dollar bills in Washington, DC. AFP/PAUL J. RICHARDS/File
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As doubts grow over whether the dollar will resume the rally that took it to 14-year highs against other major currencies early this year, at least one measure seems to show the greenback may have indeed peaked.Unadjusted for inflation, the FRED broad index shows the dollar hit a peak of 128.79 at the end of December last year – less than 1 percent short of its February 2002 top of 129.87 .However, when adjusted for inflation, the same index shows the dollar's average monthly strength which peaked in December is nearly 9 percent below its early millennium high.
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