The dollar is the highest it's been since February of this year at 98.64. This means pressure will resume on oil, commodities, exporters and emerging markets. Here. It's about 2-2/5 cents below the high set in Jan when the FeD was insisting they were going to raise rates. When they didn't - it started a downward trend. I think they will raise in December because..... no fucks given then.
It's been a little tense trying to figure out how much stronger it would go. I thought it was possible it was tapped out. But world events keep making it go higher. However, as I said not too long ago - around the year 2000, the dollar was way up into the 120.00 range. Here. I think it could potentially go that high. And that would put immense deflationary pressure on everything. We've been rolling in a 7 cent range the whole year. If the dollar were to go up more than 20 cents - that is a really huge move.
Just to give you an idea - the dollar went up about 20 cents from summer-ish 2014 to the end of 2015 you saw what happened to oil, commodities and earnings.