Will The Euro Trade 140 Against the Dollar?

[Ivanovich]

Quote from Trader KGB:

True good call.

The question now becomes, how much of this dollar buying activity is actual long-term rebuying/repatriation, and how much is simply flight-to-quality / carry-unwinding in other crosses? If this global rout is short lived (europe up today, US markets doing ok), how long until the carry pairs come back into favor, and what effect will that have on the USDX?

Most of it is flight-to-quality if I had to guess. But that means that the greenback is still trusted above all, doesn't it?

I've no doubt the dollar will eventually resume it's downtrend. But at the end of the day, we're all here to trade, and these movements make our days, right?

Incidently, whoever added their vote to the "Dollar has bottomed" vote just now- you suck, you're too late.