The dollar fell again on Thursday after suffering its biggest daily plunge since 1985. Should you ditch the dollar?
That downward whoosh stemmed from the move made by Federal Reserve which it said it would buy long-term Treasuries; some currency traders compare the move to effectively printing money.
In other words, the move stirred worries that the sharp expansion of the Fed's balance sheet -- which has already doubled in size in the past six months -- would spew dollars into global markets and lead to an oversupply of the world's main reserve currency.
The Fed’s announcement dampened the dollar's safe-haven appeal, knocking it down from a three-year peak hit against a basket of currencies earlier in the month.
Rebecca Patterson, head of global foreign exchange and commodities at JPMorgan Private Bank tells Fast Money she thinks that the current decline in the dollar is a psychological move more than it is a fundamental one.