I always appreciate Michael's analysis and read them regularly. He is right, more often than wrong. Yet, something in me says this is all being manipulated, and is temporary, albeit it may go on for some time. As long as the US Govt is running the gargantuan deficits and the trade deficit remain in hundred of billions, I can't see the dollar remaining strong for too long. I, however, living Asia and converting dollars to local currency enjoy the higher dollor.
A Closer Look at the Dollar Rally [View article]