Coca-Cola, PepsiCo Continue to See Pain With Strong Dollar, Lagging Demand

The US Dollar has been staging a very strong rally, particularly during mid-December and into January.  US Dollar futures rose from around $88 to a high of $95.85 during that time period.  Since hitting its high, the dollar’s price action has been mostly sideways and has been struggling to regain its rally.  However, the sideways range is tight and the US Dollar is still trading at $94.21, just below its high.  With world central banks continuing to ease and uncertainty with the Greece debt negotiations, look for the US Dollar to continue being a go-to asset during times of uncertainty…