The dollar index posted its best daily close since in more than a year yesterday
But the highs today remain capped by that we have seen in July (the year's high) @ 95.652. The high today touched 95.650 before backing off a little. However, we're now moving back towards that as the EUR/USD is hovering at session lows of 1.1516 currently.
The thing about the break in the dollar index here is that it will follow a very similar break in EUR/USD at the lows below the 1.1500 level. That is when things will start to "run away".
The dollar is mostly higher across the board with the aussie and the euro bearing the brunt of it.
Update: Boom, there it goes, EUR/USD below 1.1500.
