[nicola_tesla]

The dollar will only turn around when interest rates go up or other central banks cut their interest rates.

[JasonC]

Sorry, it is already up 3% against the Euro and 5% against the Yen, since the middle of March lows. Meanwhile gold has been falling at a 77% annual rate since the same point in time (Bear Stearns day).

Markets are discounting mechanisms. They don't wait around for lagging indicators to move them. When the next move in fundamentals is known to be favorable, they anticipate it and move.