Photo taken in Lille on January 17, 2015 shows a one euro coin, euro bills and US dollar bills. AFP PHOTO / PHILIPPE HUGUEN
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After Switzerland shocked markets by scrapping its currency cap, investors are beginning to ask whether a policy surprise may be lurking for the dollar, too. Samson Capital Advisors LLC said the Swiss move, which sent the franc surging as much as 41 percent against the euro last week, was "a good reminder" of the risks of following the herd, just as speculators pushed bets on a dollar rally to a new high. Bloomberg's Dollar Spot Index – which tracks the U.S. currency against the euro, yen and eight others – is headed for a seventh straight monthly advance on the assumption the Fed will raise its zero to 0.25 percent benchmark rate in the coming months.Bloomberg's dollar index rose to 1,147.54 on Jan. 8, the highest closing price since it started at the end of 2004 .Speculators boosted positions on the franc weakening against the dollar to the highest in a year and a half this month, CFTC data show, only to be burned by a 21-percent jump to a more than three-year high on Jan. 15 .
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