We've seen a sort of a two-way trade in the dollar that's challenging because on the one hand financial system stress and credit stress should be positive, on the other hand it's a specific issue for U.S. banks, notes George Pearkes. He talks about the outlook for U.S. dollar (/DX) as investors turn focus back to economic data. He mentions that dollar futures fell below $102 before a slight rebound this morning. He then goes over some catalysts for weakness in the dollar, as well as expectations for Fed rate hikes. Tune in to find out more about the stock market today.
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