It is difficult to talk about the US dollar's performance over the past couple of weeks.  There has been a key divergence.  The dollar has been trading higher against most currencies except the euro and those currencies, like the Swiss franc or the Scandis, that move in the euro's orbit.  Sterling is the exception in that it is in the euro's orbit, but has broken down.     Last week, we posed the question whether the euro, and the Mexican peso, which was also resilient, were generating the true signal of pending dollar weakness, or whether the yen, dollar-bloc and ... Read More