Given the relative weakness of the (jobs) data, the dollar bullishness that we are seeing at the moment should be limited.
Those comments, along with other factors, pushed the dollar lower.
We're not that anxious in terms of punishing the dollar ahead of the meeting.
We primarily see dollar strength because we're expecting one to two more rate hikes from the Fed. All that should be supportive.
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.
It's more the flushing out of dollar shorts.
Dollar bulls have full control and are taking the data in stride.
The dollar is rallying as foreigners snapped up a larger-than-expected amount of U.S. assets.