That's a major problem for emerging countries and businesses that have debt denominated in U.S. dollars. Paying off that dollar debt becomes more and more expensive as they pay with their local currency that's losing value fast.
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U.S. personal consumption expenditure is trending higher, but has been weighed down by increased savings, hurting economic growth measures, and possibly U.S. dollar strength. The U.S. dollar is represented by PowerShares DB US Dollar Index Bullish ...
The daily 34-EMA, which has defined the USDOLLAR Index uptrend since last July and has held as support on numerous occasions in between, now faces a very real threat of losing its grip as the backbone of the rally.
�While the fact that the gold price is quoted in U.S. dollars gets a lot of attention, its relevance is overstated,� Juan Carlos Artigas, director of investment research at the World Gold Council, wrote in the report.