Today I have seen an new chapter in the ongoing saga of the USD’s identity – Namely, since the business media portrays labels for every financial instrument; The USD has had a distinction of being called the “reserve currency”, the “safe haven” currency, the new “carry trade” currency, and now the “QE” currency meaning since interest rates are so low and so many dollars are printed by the FED, the next phase of the US economy will be inflationary…No one has tried to stem the tide of USD dollar weakness except a half-hearted attempt by Mr. Geitner. Today is proof that bad or good US economic news will not stop the dollar’s slide…The Swiss government is the only sovereign to boost the dollar by selling francs…BTW – the swiss franc has officially taken that title (safe haven) away from the USD at least until the FED begins to raise interest rates…We need Obama to jawbone the dollar – What do you think?