Completion of QE2, what's next for the $

The fed will complete QE2 at the end of June and is banking on the returns from toxic mortgages purchased to help support the economy. There has been an unexpected slowdown of job growth coupled with a double dip in their housing market which is likely to impact repayment of mortgages or sales of houses to repay mortgage debt. This week we have seen $ buying and yields of the 10yr note broke 2.94 only to return to what seems to be a developing base. We could be about to see a short term $ rebound although it doesn't appear to have strong underpinning support.

I'm going to be looking to get in on this move this week. The question really is how much of a trend is in store for us

Prepare for QE3, or whatever they care to call it this time.

I'm sure any Dollar strength will be short term in nature.