The USD dollar 1 week performance was great this past week as it gained strength as bond yields fell. In part that was a flight to safety, but it also reflects the perception that spending by Congress may be sharply challenged now that a filibuster-proof majority in the Senate has been lost by the Democrats – per the election of Scott Brown last night. The stronger dollar has lowered commodity prices, in tandem with concerns that policy in China may crimp demand.
On the 1 week performance against other major currencies you can see that the USD made huge relative gains.
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