There are continued expectations of more Fed rate increases, whereas with other central banks we may only see a one- off move here and there. The reasons to be in the dollar outweigh any other currency.
The risk if you are a dollar hawk is they show they are closer to neutrality and if you are a dollar dove that they show no evidence of being done.
The risks for the dollar are probably pretty even going into this Fed meeting.
Interest-rate differentials are what are helping the dollar right now. The difference between U.S. and other investment horizons has widened of late.
The dollar is definitely swimming against the tide, trying to make further gains against the twin deficits.
The dollar is starting to show some gains as the report came in stronger than expected across the board; new orders, employment, prices paid.
The dollar is weaker initially across the board after the release of the minutes. On your first read through you get the indication they may not be as aggressive as some had been predicting.
The dollar reacted to data strength initially, but for the euro there is buying interest around $1.2230.
The dollar should remain firm. The ECB may not be as aggressive as the Fed and that should lead to dollar gains in 2006.
That really backed up the fact that strength is still expected in the economy, which means more rate hikes to keep inflation at bay, so that has supported the dollar this afternoon.