Ever notice that the Dollar is always "higher" but it never actually gets anywhere? Surely there must be some days when the dollar is lower...but those don't make the headlines... The Economics of Happy Face rules the market.
And amazingly, the dollar can be higher on almost any news story or data point...
Even stories that should be dollar negative are dollar positive because...the negative story...implies that "something" will happen to turn things around to the "positive"...so the dollar can actually rise on negative news OR positive news....is that a little confusing?
Well think "managed markets" or put another way...the dollar is like the Israeli air force over Lebanon...it does whatever it wants, when it wants because it can...not because it should.
