Royal Bank of Scotland - "(...) The above is shifting the platelets in favour of the USD. It's happening now. It is happening before Bernanke ends QE, because Bernanke has established his credibility, because the US is closer to the exit game even if it may be another year away. It is happening long before there is any rate rise in the US. The dollar will rally now because if China or Europe falters we will need its safe-haven status. It will rally now because Japan and the UK are two steps behind and expanding their QE. The USD will rally now to break the back of the bearish sentiment that has been over a decade in the making and has become too consensus."

A break down in Gold may shake the bearish USD foundations: