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. |