my opinion is that rhetoric from FED saying they will let QE expire in June is the reason for the shift.
When they decide to discuss QE3, it will be more of the same direction as the political debate will be fierce with no firm direction.
Then when both sides of US politics decide it's do or die, QE3 will hit the charts, then the USX will fall sharply to where it should have been in the first place.
I hope not though.
