There sure has been a lot of news moving currencies lately.
But "in many ways, nothing has changed," says John Taylor of FX Concepts. "Europe is looking weak, the United States is looking stronger, and we're worried about China."
Adding it all up, Taylor is short the dollar - but he doesn't plan to stay that way, he told CNBC's Scott Wapner.
"The reason I'm expecting the dollar to do better is because the economy is looking better than Europe, and interest rates are going up, partly because China is not going to be investing as much money in our government bond market," Taylor says. "In both China and Japan, big investors in the U.S. government bond market don't have the money they did before."