USD: another opportunity?

I should have played some speculative short on US-Forex derivatives last November when the bullish dollar started to show its face. Now is too late, as some may argue that the 1.30 EUR/USD resistance will be the point to adopt a strong dollar policy. How will the G7 policy makers deal with this situation? US rates at 1% for a “considerable period”, according to Mr. Greenspan are likely to create conditions for a recovery to happen. It is very soon, but some numbers are not helping, check the last US unemployment reports for instance, or read this interesting paper by Mr. P. Orszag, R. Rubin and A. Sinai from the Brookings Institution on what can happen under huge budget deficits in the years to come. Good news for an electoral year, chances for new promises?