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. (full story)