There’s a distinctly 1990s feel to currency markets right now. It’s not that Wall Street FX traders are breaking out their grunge clothing or firing up their 28-bps dial-up modems. It’s that the dollar’s current moment of global strength looks more like the second half of that go-go decade than any other period in its recent history. The Wall Street Journal Dollar index is up 15% from its cyclical low of July 2011. That almost-two-year climb isn’t as big as the 24% surge the greenback enjoyed between March 2008 and February 2009 or as rapid as its 14% spike in the six months to May 2010. But those two prior rallies — ... (full story)