Everybody's waiting for tomorrow to see if the economy really is on a aggressive roll. It would imply moving more toward 5.25 percent, which should keep the dollar relatively well bid.
The reigning theme has been the interest rate differentials that have propelled the dollar higher and the market thinks that theme won't be unwound any time soon. People are continuing to buy dollars on that theme.
There's some selling of the dollar on what appears to be a little weaker demand in the U.S. economy.
I like the dollar higher. There's relatively sub-par growth out of Europe, and the U.S. is humming along.
Any bets on dollar weakness will be a bet that higher energy prices will divert consumer spending, which has been the motor for the economy.
The minutes have fueled the fire for the dollar bears. The Fed is probably close to ending its tightening cycle.
It's starting to appear that the Fed will continue to tighten and that bodes well for the dollar. We've seen the low in the dollar in the last week.
The longer-term trend for the dollar is higher for the balance of the year. The economy is doing fine.