FYI: The move higher in the US Dollar has rightfully gotten a lot of attention this year. On a year to date basis, the move has been parabolic, with a brief pause in mid-October until a new wave of quantitative easing in Japan unleashed another rally driven higher by the gains for USDJPY. The US economy has been resiliant in the face of a possible global slowdown, with the labor market whirring away, output humming, and the end of QE standing in stark contrast to other major economies. Whether that set of conditions (and the gains for the dollar) continue is an open question, but for now the dollar reigns as king. Below is a chart of the Bloomberg USD Index year-to-date for 2014.
Regards,
Ted
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