Dollar rally will be puny. There are so many people around the world, central governments being the key, that are loaded to the gills in dollars they now know is not worth its weight in salt looking to exit on strength. Bernanke tried to bluff out foreigners by continuing to print massively to see if the dumb central banks overseas would bite again and swallow up dollars but the foreigners are calling his bluff. The US has no hand. The only course now is for the dollar to get to its fundamental real value, which is still much lower from here. 1.60 on the Euro and 140 on the Yen. That's fair value and the market will take its time getting there.