People are falling out of love with the dollar. The U.S. data was on the disappointing side. That doesn't help.
We are seeing a little retraction. Some people took profits by selling the Canadian dollar and buying euros.
The stock market declines are a little bit scary. People want to take the dollar weaker.
As a result of this, people are calling for one or two more Fed moves. The dollar is going to be a little bid on this one.
It's got everybody on their heels. Most people are short the U.S. dollar.
The ISM manufacturing number was really stronger than expected. Obviously we've seen a sell-off in the U.S. bond market. As a result of this, people are calling for one or two more Fed moves.