Has the Dollar met its date with destiny?

Jeremy Batstone is concerned by a dangerously complacent attitude towards the Dollar: just because it's always been strong doesn't mean it will stay that way. However, a decline wouldn't be all bad news.

To many observers a strong dollar has always been there, is something they have grown up with and that its continuing strength, no matter what happens, is nothing less than a fait a complis. We are concerned by what we sense is a dangerously complacent attitude (as revealed in the chart below) and, in the wake of the Federal Reserve's decision to adopt a de facto neutral bias to monetary policy, by what we see as a move which potentially triggers the dollar's date with destiny.

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