pre fomc jitters about qe3

With the US FOMC FED meeting due next Thur and Fri (26-27 April) I think the drop in the US dollar index from 80.10 to 79.15 over the last five days (see chart below) indicates posturing for resurfacing of the possibility of QE3.

This might reverse the recent small break though the 5th HUI trend line (see "sell in May ?" post.)