I think it's great news for the dollar and it will probably solidify the strong upward moves that we are seeing in today's session.

All in all, developments on Rita and the G7 statement have not made me think the dollar rally will lose momentum anytime soon.

This is drumming up fears that the damage to the economy from Hurricane Katrina will be exacerbated by Rita. Before concerns over Rita, the short-term fundamentals were positive for the dollar.

The good news is that inventory levels are improving and housing supply will come closer to buyer demand in 2006. We expect a healthy and more balanced market next year.

New Zealand is one quarter away from recession. The New Zealand dollar is firmly embedded in a long-term decline.

Delving into Iran's export mix to see what possible disruptions may surface should the U.N. Security Council impose sanctions on Iran for non-compliant behavior, causing Iran to retaliate in the form of curbing oil exports, Japan is most exposed.