Dollar comments enhance downward spiral

“The dollar had been strong because the U.S. was a haven

in the storm, and now that the storm is abating, who needs the

dollar?” said Edmund Phelps, who won the 2006 Nobel Prize in

economics and teaches at Columbia University in New York.

“People got exasperated with the tiny returns on safe assets.”

"The currency keeps getting weaker; jobs keep moving overseas because that's where the capital is. Money wants to go to where it can get a steady return in real money, not in funny money. And in many ways the dollar is becoming the funny money currency for the world and that's not good for our competitiveness." David Malpass formr Treasury official.

This sums up nicely the current dollar environment.