Some great power out there is really determined not to let the USD strengthen at any cost.
Dollar on the dive
As mentioned in my earlier post, there has been lots of chatter about despite USD weakness in recent sessions there was still a large-pent up net dollar long. and equity short. Looks like we might be in the midst of a melt-up as those positions are at least partially covered. Fears of another round of QE after a very dovish speech overnight by the usually-silent-on-monetary policy Fed Governor Tarullo are helping undermine the buck.