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thankyou Ichi aware of that - and some of the reasons are...

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    thankyou Ichi

    aware of that - and some of the reasons are "perverse" in that reduction in QE caused $$$ to flow back to USA (cant carry o/s trades if you don't have a backstop on collateral).

    the most recent "spurt" (mid October) is interesting against a backdrop of china rmb deval's .....perhaps us$ is "least worst" ..... ????????

    we are at a most interesting time !

    rgds
    V_H
 
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