A changing longer-term dollar paradigm

For the past two years, foreign exchange has been trading on massive monetary policy stimulus and central bank quantitative easing. At the forefront of this has been the Federal Reserve in terms of the magnitude of special measures, including $300 billion of Treasury bond buying and more than $1.3 trillion of US mortgage-backed and agency debt. This deluge of dollars depressed the Finex Dollar index to close to record lows - of around 72 in April 2008. In terms of currency pairings, mirroring

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