USDollar Index Clears 2015 Consolidation, Breaks 12-Year Highs

After hitting a 12-year high through March/April, USDollar lost all of the momentum of its record-breaking 10-month rally. For the rest of 2015, the currency turned to consolidation. The currency wouldn't fully reverse as its fundamental backdrop was still robust compared to counterparts, but lacking the draw to fuel more gains. That has changed these past two weeks. Yet, the break was made on Friday, but the build to that move has been gaining pressure for some time. Will Fed forecasts keep this currency rallying, is it spent, or perhaps there is a new factor that will step in - like risk aversion...