I read the article, and it says: "If the markets can absorb the U.S. issuance over the next 90-120 days...and if it is done without driving up interest rates...and if the economy begins to show signs of positive growth... then the stage is set for a wonderful second act. (And Bernanke might win an Oscar!) The dollar will return to strength. The market will continue, or resume, a climb to the top - sensing that "everything is coming up roses." Refinancing will surge ahead. We may even see significant job creation into the end of the year."
My comments: At this stage, this looks like the most likely scenario. Foreign demand for T-bills has never been stronger, see: "Treasuries, Dollar ‘Only Game in Town’ as China Buys"
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aqe3TiUVEWv0
For the record, I believe the weekly chart is suggesting that the USD is likely to fall further, and I would not be surprised to see it down to 74 or 75, maybe even lower. It's been there before.
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I read the article, and it says: "If the markets can absorb the...
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