Dollar and the Fed

The dollar has been selling off with weaker than expected US economic data, stronger than expected eurozone data, and now looking ahead into the FOMC meeting, we are facing possible QE 2.0 which is probably making the dollar bears even bolder.  I expect the dollar to strengthen if there is no new QE 2.0 announcement, which is the most likely scenario.  That should push the euro-dollar back down towards 1.30.