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Why next year’s dollar move could be historic

100 dollar bills
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While "long dollar" is viewed as the most crowded of trades, the currency is widely expected to continue its rise into next year and beyond.

Propelled by Fed rate hiking versus the heavy stimulus being applied elsewhere in the world, the U.S. dollar index should once more have a strong year in 2016, on top of its 9 percent rise this year.

But the interesting thing about the dollar's move is that it could be the only one of its type, even when looking all the way back to the early 1970s. That was when the fixed exchange rate system put in place at the Bretton Woods international monetary conference in 1944 was replaced by a floating rates system.

What's different is the potential duration of the dollar's leadership ...