Has the dollar won the so-called currency war?
"Certainly we've won the global currency battle for now," says Brian Kelly of Shelter Harbor Capital. The stronger dollar, he says, "is actually a good thing because money's flowing into the U.S." As for the dollar's pattern of moving in the opposite direction from stocks, "that old correlation seems to have broken, and it's a good thing."
"The U.S. economy right now is the best of a bad bunch," says Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank. The dollar has been rallying of late because of a flight to quality in the wake of the
Andrew Busch, publisher of andrewbusch.com, goes a step further, arguing that Friday's report pointed to a "dichotomy out there between the United States and Europe."
So how should you trade the dollar-euro pair now?