Whether it be US data surprising on the upside, the US administration showing no concern at all with the strong dollar, or new chapters in the energy war in Europe, it looks like all systems are go for the dollar rally. Trying to pick a dollar top in the current climate is an exercise in futility. The dollar is clearly in the midst of a very powerful rally and one akin to the macro settings in the early 1980s when US authorities were also trying to tame inflation. What has caught our eye overnight is USD/CNH trading to a new all-time high above 7.20. The renminbi was seen as one of the more controlled currencies in ... (full story)