The U.S. dollar index is a basket of six major world currencies weighted against the greenback. This week the USDX has hit a two-year high amid safe-haven demand and a crumbling Euro currency. It’s important to note that trends in the currency markets tend to be stronger and longer-lasting than price trends in other markets, which suggests the price trends in place in the particular currencies could remain in place for some time to come. As for the USDX, there are indeed no early chart clues to suggest a market top is close at hand. Stay tuned! —Jim Wyckoff