The dollar hit a 14-year high against a basket of currencies on Wednesday as a post-U.S. election sell-off resumed across global bond markets, lifting Treasury yields and attracting investors to the U.S. currency. That halted stocks in their tracks, with Europe's main indices down as much as 0.8 percent and Wall Street expected to open 0.5 percent lower. The Bank for International Settlements this week repeated its view that a stronger dollar poses risks for global markets and financial stability. Investors have largely shrugged off these warnings but stocks felt the heat of the dollar's latest rise on Wednesday. "I agree with the consensus interpretation of the key macro trades – higher yields and a stronger dollar – but I'm less persuaded by the expectation of higher global equities," Stephen Jen of hedge fund Eurizon SLJ Capital said on Wednesday. "The world's interest rates have been dragged higher by the U.S. yield curve, creating the risk that interest rates may be too high for the still-fragile economies in Europe and emerging markets," he said. U.S. President-elect Trump's plans to cut taxes and boost infrastructure spending would boost economic activity while his proposals to deport illegal immigrants and impose tariffs on cheap imports are seen driving inflation higher. That prospect has given rise to expectations that U.S. interest rates will rise faster than previously anticipated, boosting the dollar. As of right now the US Dollar Index currently sits at 100.30, and this is the first time I've personally seen the dollar ever over triple digits...Since I been personally paying attention to the markets for close to six years now. Looking like the first week after Trumps election victory is turning everything around from relations with nations we never thought we would have relations with, and it even looks like President Trump in his first week is even turning the markets around in the DJIA alone stand right now at an all time high of 18,850 points. Now President Trump hasn't even taken the Oath Of Office yet, and it seems Trump is already turning the economic world around for the United States Of America. However remember that Obama is still in office, so this could change at any second. It is looking like an economy under President Trump will be beyond prosperous, and it looks as if the dollar could get it's buying power back as well. If this trend continues under Trump, that means the dollar has about ninety years of ground to make up.