A first reason to doubt projections of a stronger dollar is that none of the news on which they are based is really news. The expectation of relatively strong US growth is already being reflected in the markets, with the dollar up 9% in trade-weighted terms since mid-2014.
质疑美元升值预期的第一个原因是，这一预期所基于的消息早已不再是新闻。美国增长相对强劲的预期早已反映在市场中——贸易加权的美元价值自2014年年中以来已升值9%。