My gut feeling is that mere central bank support would not suffice to push the dollar into such a steep ascent. Is it possible that we are witnessing the short-squeeze on the dollar that I’ve written about here and elsewhere on the Web? (See my September 10 commentary, ‘Worthless’ Dollar Still Squeeze-able, in the Rick’s Picks archive. The gist of it is that borrowers of dollars, unable to roll short-term loans at the moment, are being pressed to settle up in cash.) Whatever is causing the dollar’s preternatural (and ferociously counterintuitive) strength, we have a compelling target at 84.96 that we can use to tell us where the blowoff is likely to blow out.