The dollar index was at 91.042 by end of last week and had surged by more than 1% YTD. The continuation of the uptrend in the dollar is expected to remain somewhat contained amidst the fragile outlook for the currency in the medium/longer-term, and always against the backdrop of the current massive monetary/fiscal stimulus in the US economy, the “lower for longer” stance from the Fed and prospects of a strong recovery in the global economy. The US economy added 49,000 jobs last month and the unemployment rate fell to 6.3%, suggesting that the labour market is stabilising. The Euro was at $1.2046 by end of last week and euro weakened by more than 1% YTD. The eurozone seen as lagging behind o
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