The U.S. dollar index is a basket of six major world currencies weighted against the greenback. The USDX this week has powered to a 16-month high, due in part to a U.S. economy that is diverging with the other major world economies. The U.S. economy his growing at a very good clip not seen in years, while most of the other major world economies continue to limp along. U.S. interest rates are also on the rise, and at a faster pace than the other major world economies. That’s also bullish for the U.S. currency as world investors seek out higher returns in U.S. assets that have to be purchased in U.S. dollars. Stay tuned!