Global Currency War Gets Some Relief From the Fed

Slok observes the U.S. has fared better than other economies owing to the "resilience" of its economy and the flexibility of its labor force. At the same time, the U.S. economy is less shielded from international influences than the numbers imply.

The political season suggests that flexibility is becoming strained. Trade is one of the targets of Americans' frustration over stagnant or worsening standards of living, thus making an easy target of political candidates... A strong dollar now is seen as being on the losing end of a currency war. None of the presidential contenders want to endorse that.