Yes, it will.

The risk avoidance of US dollars coupled with the relatively strong performance of the US economy, plus the respective internal issues confronting the eurozone, Japan and emerging markets all make the US Dollar Index seem set to sustain its strong showing at the beginning of this year, just like last year, and hit a 100 basis-point high. With the slowdown of US economic growth, the ECB is expected to start shrinking its balance sheet and this will vitiate the US dollar's further momentum and stop it from continuing to go from strength to strength.