Dollar Falls Some More

Improved investor sentiment about the world economy seems to be leading to the dollar falling in value.

You can see here that the initial rally happened after Bear Stearns collapsed, and that it accelerated after Lehman's collapse, really after the TARP legislation was first rejected by Congress.

If the world economic crisis is receding then the value of the dollar as a safe haven is less important, and long-term fundamental factors begin to drive investor behavior.