Currency strategists, often derided for inaccurate forecasting, are having a rough run. While most could manage a smug "I told you so" over the dollar's decline last year, the trend towards showy, pun-loaded presentations means a few of last year's chickens turned out to be turkeys.

Goldman Sachs, for one, trumpeted 2004 as the year of ABC - or Asia Becomes Confident. This included predicting big changes in China's currency peg, which never happened.