The Greenback has continued to gain since Friday's positive closing, with risk correlated trades quickly falling out of favour. The market has gotten ahead of itself in pricing-in massive QE2 for the US. Clearly the combo of the FOMC minutes, Bernanke's comments and underlying inflation "trending downwards" all point to further easing but the lack of details - especially critical detail of time frame & magnitude, has the market pulling back slightly this trading week. In addition, the month long USD selling spree created a market well short of USD (going by the IMM speculative data) and ripe for a short squeeze.