Dollar Hits 5-Month High

US-China trade tensions have simmered down after talks in Washington last week. The dollar hit a five-month high Monday morning, rising to 93.87 on the US dollar index. The greenback has rallied in recent months, gaining about 5% since mid-February. The rising dollar "reflects economic leadership shifting back towards the US," according to a team at Citi Research led by chief global equity strategist Robert Buckland. Still, they aren't convinced the convinced the dollar rally is "sustainable," noting that expanding twin fiscal and current account deficits could drag the dollar back down as soon as 2019.