think outside the box. lower interest rates and higher money supply does not necessarily mean a currency should be worth less than other currencies if the other currencies are doing the same, and/or the new policy is increasing the size of the economy and aggregate demand is well supported. Unless you're buying BMWs or traveling to Europe, who needs euros? Notice how the euro is breaking down? People are selling their euro stocks and selling their euros back into dollars. All of that liquidity still likes the USD. Same with AUD/etc