Vincent Chaigneau, head of currency and interest rate strategy at Societe Generale, said "The current account deficit and the massive government bond issuance suggest heavy dollar losses over the next 6 to 12 months.
Investors aren't buying risky assets and are focused on Treasuries. With the amount of bonds the government is issuing, investors will demand higher yields. Yields will remain low if the Fed buys bonds. The dollar will have to fall to improve returns."
Our sentiments exactly.