"So these are the main factors that drive the price the move up higher due to the investor hedging their position against the dollar."

VOA: standard.2010.07.21

The dumbest, most destructive economic policy of the Bush Administration has been its weak-dollar position--letting the dollar slide in value against the euro, the yen, the pound and gold.

FORBES: Magazine Article

China may very well diversify away from the dollar and even US Treasury bonds, but it is hard to see any major government holder of US dollars going from a 95% dollar position to a 60% position, or even a 50% or lower position anytime soon.

FORBES: What Happens in a World Without Dollars?

The United States takes advantage of the dollar's position to borrow cheaply from the rest of the world, selling its assets in return for goods.

ECONOMIST: China's currency