The Greenback

One of the reasons I held on to a little of the Euro/US short was because I feel that the pair is extremely overbought. Also, according to the 'crowd', the Dollar is again history, not worth the paper that it is printed on, etc, etc. So this is a contrarian trade.

Also this from FOREX.com:

The USD decline has brought it to levels that are likely to elicit official concerns over USD weakness/EUR strength/JPY strength. Japan's Vice Fin. Min. Sugimoto sounded the alarm over JPY strength earlier this past week, and on Friday Eurozone finance chief Juncker said that further EUR strength could hamper the Eurozone recovery, which he also said was a long way off. We would expect additional verbal intervention in the weeks ahead, with US Tsy. Sec. Geithner likely to re-introduce the strong dollar mantra, after his attempt at re-formulating it fell rather flat this past week. Also, we will be closely watching the results of next week's US Treasury debt auctions (see below) and if healthy demand surfaces yet again, we would look for the USD to stabilize and potentially recover. If, however, demand is weak, look out below on the USD.