Trade data is a little better ... but I think the dollar rally should be limited as the prospects for the trade deficit still aren't very good.
We had an extremely bad current account deficit number this morning.
We had an extremely bad current account deficit number this morning. Trade is going to be a very big focus this week. The huge number that we had for the fourth-quarter deficit brings it even more to the forefront because now we got clear structural deficiencies.
We primarily see dollar strength because we're expecting one to two more rate hikes from the Fed. All that should be supportive.
We're not that anxious in terms of punishing the dollar ahead of the meeting.
You have jawboning from European officials and a lack of concern from U.S. officials. So the market is really confused with what it wants to do with the euro,
You have jawboning from European officials and a lack of concern from U.S. officials. So the market is really confused with what it wants to do with the euro.
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