US Dollar Index Failing? Follow-through would be nice ...

The week was mostly shaped by China news – go figure!

As an encore to the week prior when they increased the interest rate on one-year bills and upped the required reserve ratio on banks, they ratcheted up the rate on one-year bills again. Then top officials talked about getting tougher and stopped rampant speculation before it might become a problem. Then they reported fourth-quarter GDP numbers that blew expectations out of the water.