Warm up for Friday…

There have been much cryptic and not so cryptic comments of late from Federal Reserve Bank speakers. Some are implicitly calling for rate hikes sooner rather than later to mop up all the mess of money excess, others explicitly saying the Fed will likely surprise on the aggressiveness of future hikes…but the market doesn’t seem too concerned about that today, as the dollar is back under pressure this morning and trading lower against all the majors. I guess it was time for the dollar to take a breather, as it strung together a two-day rally. Two-day rallies are rare for Mr. Greenie these days.