That kind of endorsement speaks volumes and it won't help to turn around the deteriorating sentiment in the greenback since last year. The main drivers beating down the dollar are all still in play. Those are just some key reasons why the dollar is being dragged to the depths of the ocean since last year already. And following a hot Australian inflation report yesterday, AUD/USD is up 0.7% today to 0.7090 now - its highest in two years. It's wild that at the end of last week, we were still talking about whether $5,000 would be the limit.