For a while there it seemed like the dollar was the hot commodity in the last few months. Inflation seemed stickier and the US economy was faring much better than the rest. Essentially, it was the case of being the cleanest shirt among the dirty laundry.It felt like the BOJ acted too late. As for the ECB, BOE, and BOC, they had economic worries to consider towards the end of last year. In Switzerland, the SNB surprised with an early rate cut. And China worries had dampened the optimism surrounding the aussie and kiwi. But a lot of that has changed over the last one month or so.The BOJ is well, still stuck in the mud as they face a fight against the inflation clock. But Q1 data shows that the
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