We ought to consider the possibility that we're witnessing intervention on the dollar. There wouldn't necessarily be an open acknowledgement of this by the treasury; I've always assumed it would be done on the sly to ensure the illusion of a major shift in psychology in the hopes that the dollar bullishness would be contagious. Needless to say, next week is going to be critical to the dollar's future.
A Closer Look at the Dollar Rally [View article]