Yea I just check out what you are saying and you seem to be correct kind of, however it is because of the instabilities in the world reserves.
"Other governments are considerably less sanguine about this turn of events. European manufacturers complain loudly about U.S. attempts to devalue their way into renewed competitiveness. In a speech to Congress, French President Nicolas Sarkozy said the U.S. readiness to let the dollar fall risked competitive devaluations and "economic war."
There is another concern, one that looks increasingly plausible as the dollar readjusts. The U.S. dollar is not merely a medium of exchange for Americans. It is the world's reserve currency. The readiness to hold dollars is a vote of confidence in the stability of the currency.
There is fear that those investors will worry that they risk huge loses by holding dollars that will one day be devalued and they will start divesting their dollar holdings, an act that could be both an act of economic war and a self-fulfilling prophecy."
"Treasury Secretary Henry Paulson explained that "The dollar has been the world's reserve currency since World War II and there is a reason. We are the biggest economy in the world. We are as open as any economy to investment."
There is another reason for the dollar's status. There is a lack of alternative safe havens in the global economy. The euro is not yet such an option, but it could become one. Or, Asian investors could decide that their money is better invested at home or used to support domestic demand than given to Americans to encourage their profligacy. The U.S. can counter those tendencies by managing its economy better -- and doing more to contribute to global economic stability."
Taken from:
http://news.tradingcharts.com/future...100764738.html &
http://news.tradingcharts.com/future...100755723.html
.