The inflation (actually, the tightening of monetary policy to counteract it) is combining with other capital-flow dynamics to create acute concern about currencies.

FORBES: Two Insidious Threats to Asian Prosperity

Cross border equity flow dynamics have thus begun to change the underlying U.S. dollar trend, suggesting strength is set to come over the medium-term.

FORBES: Ignore Bernanke's QE And Focus On Equity Flows: The U.S. Dollar Is Getting Stronger