The dollar rose against the other reserve currencies in Q4 16 - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the dollar rose against the other reserve currencies in Q4 16, and some of the moves were quite sharp. He further adds that the greenback appreciated nearly 13.5% against the yen in the last three months of 2016.  It gained almost half has much against the euro, 6% against the Australian dollar, and 5% against sterling.

"However, to minimize the short-term fluctuations and to see larger patterns, we focus now on year-over-year changes.  The net valuation change in most of the reserve currencies was within plus/minus 3%.  The euro stretched with a 3.2% decline, but sterling was the real exception.  It fell 16.25%."