We did expect a sharp deterioration of the trade balance. The real story on the trade numbers is that the import surge reflects very solid domestic demand.

We're starting to see positive signs that the Japanese business cycle may be moving around. The dollar-yen should trade lower in coming months.

If the market begins to expect a more imminent end to the Fed's tightening cycle that would certainly remove the interest rate support for the dollar,

We don't think it'll be enough to halt a move at this month's FOMC meeting. We still look for the Fed go 25 basis points.

We don't think it'll be enough to halt a move at this month's FOMC meeting, ... We still look for the Fed go 25 basis points.

There are a few signs of cracks beneath the surface in the U.S. economy, starting with the weak durable goods and confidence figures last week, and now with the rise in oil.