The U.S. dollar index is a basket of six major world currencies weighted against the greenback. The USDX bulls are in near-term technical control as prices are in an uptrend on the daily bar chart and have just hit a 2.5-month high. The stronger USDX suggests much, if not most, of the marketplace participants expected the U.S. economy to continue to grow and avoid a recession. The up-trending USDX also hints that traders and investors believe U.S. interest rates will continue to creep higher in the coming weeks/months. Stay tuned! Jim Wyckoff