Mighty greenback's rise poses promise and concerns for Asia

AS THE American economy continues to gather momentum, currency traders are increasingly eyeing the US dollar's strength with heady expectations for the US Federal Reserve to begin to raise its interest rates in 2015. It's a sensible assumption. But as the greenback powers ahead of its counterparts, what will the impact be on the Asia-Pacific region?

Economic data stateside has been consistently pointing to an American economy that's finally found its legs after six long years of troubled times. For instance, the monthly US jobs report for November easily surpassed market expectations, soaring to 321,…