Here's another proof of my thesis:
My statements above are in no way comprehensive or inclusive of the wider issues that are effecting USD performance, like our huge deficits and runaway spending in Washington. I've touched on these topics briefly in past commentaries and I have a decidedly more optimistic view of the Dollar and the long term health of the US than most others. The purpose of this commentary is to only address immediate fiscal and political issues as they effect our markets on a short term basis.
There will be some inflation and manufacturing data out of the Euro zone this week but after the modestly positive GDP reports last week the general market perception on Europe is that it is slowly coming out of its malaise and that deflationary forces are currently under control.
That's it. Thanks for reading my commentaries and have a great week!