[Moonman62]

Clearly that is not much of a rally. However, equally clearly the US dollar bottomed in May. That makes five for five.

The problem with using the dollar index is that it's comparing the dollar to other currencies that are also being devalued by their governments.

[NVDave]

Yes, we’re now in a “beggar-thy-neighbor” world of competitive currency devaluations to maintain export advantage.

This is why I maintain that “free trade” is a farce. Nations have given away their sovereign power over import/export laws and handed trade policy over to central bankers and FX spec’s.

Morons. Especially our trade policy twinks, who are morons on crack.

BTW, have you been keeping an eye peeled on what’s been happing to the last asset-backed currency in the western world, the Swiss currency? They’re beside themselves at how ferociously strong their currency is now.