Question: USD fundamentals

Hi all.
I just have a short question about some fundamentals concerning the USD.
For my opinion, the USD will further depreciate because of the huge account deficit in the US.
Now I just read an article in an investment guide of one of the biggest banks(don`t want to advertise or anything, so I don`t call any names):

"The US current account deficit will in our view hurt the USD some time in the future, but most probably not over our 12-month forceast horizon. We expect the huge US current account deficit to hurt the USD in times of rising inflation pressure rather than in times of falling inflation and growth. In these times, export-dependent countries like Japan, China, Russia and others will try to stabilize the USD..."

I thought, that with an increasing inflation the account deficit should decrease which leads to a stronger USD. Furthermore, more inflation will probably lead to a rate increase, which further supports the USD. That`s my point of view, which is actually the opposite of the cited article.

I would really appreciate any help, because I can't see any coherences. But pleas don't just post your target prices, I`m interested in the economics factors. (and sorry, english isn't my native language)

Thanks a lot & Regards
paci

In this scenario, export countries will continue to subsidize the US consumption of foreign imports by continuing to buy US treasuries. Should inflation rise, the Fed would want to increase the shorterm rate, thus the export countries would continue to buy the treasuries. The dollar is helped by the fact that in order to buy US treasuries, the countries must buy dollars.

I am still a novice in my studies of economics, but this is how I currently understand. As in trading, I may not always be correct