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The dollar has taken another step down of late. One position I have had for about ten months has been exposure to the Norwegian krone via what was two year paper when I bought it (I have disclosed this position quite a few times since I put it on).

When I first went in, USDNOK was around 5.95, I see it printing now around 4.98, which is a huge move (the smaller the number the stronger the Norwegian). Norway is a strong country economically, so that isn't so strange, but Hungary, for example, has a slew of problems - yet the greenback is down 8% YTD against the forint.