The OECD believes that the economic outlook is improving across the major industrialised nations with the US & Japan leading the way.

Their monthly indicator rose to 100.5 in March from 100.4 in February

The readings for the US were unchanged at 101.1 while Japan’s was raised to 101 from 100.7.

The eurozone was also marked up from 99 to 100 with Germany up to 99.8 from 98.7 suggesting that growth was returning to the EZ’s biggest economy.

A number above 100 indicates growth above the long term trend.

We now have the reason for the pop in the dollar.