I say "surprise" because what do you expect when the government massively increases the money supply. Reuters has the story here
The dollar rebounded on Friday but still recorded its biggest weekly slide since 1985 as the Federal Reserve's plans to buy long-term government debt stoked fear about the erosion of the U.S. currency.
The Fed shocked financial markets this week when it said it would buy some $1 trillion of government and mortgage-backed debt in a bid to cut interest rates and kick-start lending. . . . . .
Labels: Economics, exchangerates