King Dollar continues to strengthen

With the ECB QE-pomo train set to arrive in the EU, the Euro remains under serious pressure. The US Dollar continues its very powerful climb from last summer. The giant 100 DXY threshold looks a given.. .the only issue is whether the Jan'2002 high in the 120s will be hit this year... or not until 2016.


USD, monthly

USD, monthly'2, rainbow

Summary

*I'm tired.. .so... will be brief...
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Despite the endless 'dollar doomers' - not least Schiff (whom I still support on some other issues), or the various 'omg.. hyperinflation is imminent' callers... the USD continues to strengthen.

As I sometimes ask my American friends... '... you'd not rather hold Euros or Yen... right?'.
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Looking ahead

Thursday will see the usual weekly jobs, productivity/cost, and factory orders.

There is an ECB meeting, but that will mostly be about re-stating the imminent QE-pomo program.. along with ZIRP/NIRP policy.

*fed official Williams is due to speak on the econ-outlook in Hawaii.... (good work if you can get it)
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Goodnight from London