That’s the market’s reaction to Tim Geithner’s comments late Friday that the US must live within its means and that the President is working with Congress to reduce future deficits. The market doesn’t buy the rhetoric for a minute, looking at the expensive grab-bag of programs that are on Obama’s wishlist. The dollar has been under pressure for better than six-months as the markets price in the combination of low interest rates and big deficits for the foreseeable future (and beyond).