The Dollar Bull ETF UUP crested on 2-23-2010, at 23.81, indicating that the US Dollar, $USD, fell February 23, 2010.

A “dollar carry trade” developed February 23, 2010, with the dollar being sold short and the following currencies be held long:
South African Rand, SZR, +6%
Brazilian Real, BZF, +4%
Canadian Dollar, FXC, +4%
Austrlian Dollar, FXA, +3%
Mexican Peso, FXM, +3%
Russian Ruble, XRU, +3%
New Zealand Dollar, BNZ, +2%
Swiss Krona, FXF, +2%
Euro, FXE, +2%

The MSN Currency Chart shows the dollar carry trade that developed February 23, 2010 http://tinyurl.com/y8hb4cu

The chart of the US Dollar, $USD, shows the fall in the US Dollar which finally came, that is finally manifested from the carry trade, the week ending March 12, 2010, as the US Dollar fell 1%.

The chart of the long term US Treasury Bonds, TLT, shows the market for long term US government bonds broke down February 10, 2010: it's hasta-la-vista-baby to invesment principle in these bonds.

It's not wise to own any dollar denominated investment, anywhere, whether it is in a brokerage account or a money market account, as the China holds huge amounts of Treasuries in its banks and on reserve with the Fed; and it holds huge amounts of Forex reserves which could send the US Dollar into the cellar. The safehaven investment is gold in the ETF GLD, in a trust account, not a brokerage account, in British Sovereign gold coins, and in a trade account at BullionVault.com

The Assoicated Press in Sunday March 14, 2010 article China Wants US Reassurance Over Dollar reported that Chinese Premier Wen Jiabao in his annual press conference after the closing of the National People's Congress, expressed concern about the U.S. dollar, and called on Washington to take “concrete steps” to reassure Beijing about the safety of its huge Treasury bond holdings.

“Any fluctuation in the value of the U.S. currency is a big concern for us,” Premier Wen Jiabao said at a news conference.

“We cannot afford any mistake, how slight it is, when running our financial assets,” he said. “I would like the United States to take concrete steps to reassure investors.”

China has pressed Washington to control its yawning budget deficit and prevent inflation that would erode the value of the dollar and China's holdings.

The premier said Treasury values were a matter of the “national credibility” of the United States.

The Dollar Bull ETF UUP crested on 2-23-2010, at 23.81, indicating that the US Dollar, $USD, fell February 23, 2010.

A “dollar carry trade” developed February 23, 2010, with the dollar being sold short and the following currencies be held long:
South African Rand, SZR, +6%
Brazilian Real, BZF, +4%
Canadian Dollar, FXC, +4%
Austrlian Dollar, FXA, +3%
Mexican Peso, FXM, +3%
Russian Ruble, XRU, +3%
New Zealand Dollar, BNZ, +2%
Swiss Krona, FXF, +2%
Euro, FXE, +2%

The MSN Currency Chart shows the dollar carry trade that developed February 23, 2010 http://tinyurl.com/y8hb4cu

The chart of the US Dollar, $USD, shows the fall in the US Dollar which finally came, that is finally manifested from the carry trade, the week ending March 12, 2010, as the US Dollar fell 1%.

The chart of the long term US Treasury Bonds, TLT, shows the market for long term US government bonds broke down February 10, 2010: it's hasta-la-vista-baby to invesment principle in these bonds.

It's not wise to own any dollar denominated investment, anywhere, whether it is in a brokerage account or a money market account, as the China holds huge amounts of Treasuries in its banks and on reserve with the Fed; and it holds huge amounts of Forex reserves which could send the US Dollar into the cellar. The safehaven investment is gold in the ETF GLD, in a trust account, not a brokerage account, in British Sovereign gold coins, and in a trade account at BullionVault.com

The Assoicated Press in Sunday March 14, 2010 article China Wants US Reassurance Over Dollar reported that Chinese Premier Wen Jiabao in his annual press conference after the closing of the National People's Congress, expressed concern about the U.S. dollar, and called on Washington to take “concrete steps” to reassure Beijing about the safety of its huge Treasury bond holdings.

“Any fluctuation in the value of the U.S. currency is a big concern for us,” Premier Wen Jiabao said at a news conference.

“We cannot afford any mistake, how slight it is, when running our financial assets,” he said. “I would like the United States to take concrete steps to reassure investors.”

China has pressed Washington to control its yawning budget deficit and prevent inflation that would erode the value of the dollar and China's holdings.

The premier said Treasury values were a matter of the “national credibility” of the United States.