Dollar indecision over good news and bad

It appears that the single most common forex theme is that investors will unwind dollar demand as the need for safety evaporates as and when the U.S. economy shows signs of improvement. This appears to be the gold standard view for currency activity as we see it. When there’s nothing going on, the bias is to sell dollars and wait. This appears to be the case around 90% of the time and one could call this the market’s bias. However, the remaining 10% of the time currency traders are treated to