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The Dollar Index Is at 113 as a 20 Year High
The dollar index is at a 20-year high, and looks like it's probably going to keep moving higher. The Bank of Japan is creating money and buying Japanese government bonds in order to peg the 10-year Japanese government bond yield at 25 basis points. Meanwhile, the US rates are going very sharply and very suddenly. If you look at Europe, they have a disaster with their energy crisis since they've been cut off from almost all of Russia's energy supply. And England's a story unto itself. It does appear that the dollar has a good chance of continuing to get stronger.