Re: Almost every International Index Fund is near its 52 wk high.
Some speculate that the USD rose against several currencies this year because of carry trades (interest rate differences) and the one time American Jobs Creation Act that allows companies to repatriate foreign earnings without being subjected to regular tax rates. Does the estimated 500 billion USD repatriated really have that much of an effect on the 3 trillion dollar fx market? Who knows, but it ends at the end of this month.
Many also believe that USD rate increases will stop at 4.5-5%. Whether that slows down fx carry traders remains to be seen as well.
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