The Federal Reserve is looking to move into QE3 sometime in the very near future, and this will result in a temporary surge of the USD on the online forex exchange. The amount of inflation which will be caused by the issuance of even more money by the Federal Reserve is not going to help the US economy, and in fact the amount of devaluation where the USD is concerned is absolutely stifling. The recent rash of drops against currencies from all over the world has caused many to come to the US to buy goods and property. Even the nation of Brazil now enjoys a more valuable currency than the United States. Such a revelation has brought many to realize that that USD is becoming a very low-yield currency indeed.
The United States economy has not been doing any better as of late, and this is proven by a lower number of homes sold in May than in January.
These numbers are startling because it signals a very serious problem in not only the housing market but the economy overall. The simple truth to this situation is that no amount of quantitative easing or other interference is going to spare the US economy from an all out implosion. There must be a chance for the United States to pay off its debt, and a self-imposed series of austerity measures is far more preferable than using IMF funds for a bailout. If the United States is forced to borrow money from the international community it is likely that they will then suffer austerity measures similar to those in Ireland and Greece.