The U.S. dollar index is a basket of six major world currencies stacked up against the greenback. See on the daily bar chart that the USDX is in an accelerating uptrend and this week hit a 4.5-month high. The greenback bulls are in firm technical control, to suggest more gains for at least the near term. It’s also important to note that trends in the currency markets tend to be stronger and longer-lasting than trends in other markets. Stay tuned!
