My extremely bullish forecast for the dollar has been calling for a test of Himalayan highs made in 2001. Even so, I’m surprised at how quickly the Dollar Index has recouped in just two weeks more than half of the losses it suffered from a two-month correction begun in mid-March. Assuming the Dollar Index continues higher, the deflationary pressure this will put on the global financial system, and on the house of cards erected by the Fed to keep the U.S. economy afloat, will be insurmountable. _______ UPDATE (June 2, 2:10 p.m. EDT): The dollar is in fact getting pasted today, but it has not affected the bullishness of the long-term charts.