According to Citigroup Global Markets Inc., the dollar is likely to continue rising until the present recession in the global economy ends and growth resumes.
Until then, according to Citi analysts in London, including Jamie Fahy, the US dollar is the "safest place to hide,"
particularly because it offers a yield premium over its international counterparts.
The strategists claimed that a bottom in global growth is necessary for a dollar top.
On when the present increase in the world's reserve currency will expire, there is a heated discussion.
The ICE US Dollar Index, which compares the dollar to six other world currencies, is on pace to post a yearly gain that will go down in history as the highest since records began in 1972.