Dollar Back to Punching Bag

For those that were tricked into getting bullish the dollar based on positive US economic data, they are paying the price today.  Euro is storming back higher, stringing together 2 big up days.  It is going to a be long year for those bullish the dollar.  The ECB and Japan can't compete when it comes to putting out money supply.  And the US GDP growth is just not great enough to overcome the supply. 

The scary part is that commodities hardly went down after the dollar strengthened.  I can't imagine the bubbles that will appear when the dollar tanks.  It will be a sight to see.  It might put the first half of 2008 to shame.