Just like a pendulum, ... the current-account theme is back in the market.
The Fed is going to continue to tighten and that will ultimately push the dollar higher. The market hasn't built in enough of that.
The current account argument has come back into the picture and today's data feeds into it.
The market remains bullish dollars. It's looking to take the dollar to new highs for the year. The overwhelming theme is Fed monetary policy.
The market remains bullish dollars, ... It's looking to take the dollar to new highs for the year. The overwhelming theme is Fed monetary policy.