The $USD index has been on a tear since August 2014 and it almost certainly means that there will be no interest rate rise in the U.S. Furthermore to this point I believe there will have to be more QE introduced by the Fed in order to combat the rising dollar. The $USD cannot be allowed to to continue to rise and when you have rates at near zero there is very little left to do. I am quite sure the stock markets will rise much higher as well this year on the back of the QE insanity. The ECB has started down a road from which there is no return. The question is who makes the next move in the global currency war. Everyone is talking about the Swiss unpeg of the franc from the euro. If China decide to unpeg the yuan from the $USD the ramifications are going to be far greater. I will be following events here on my blog to the best of my ability. Stay tuned.
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