US Dollar Index...............
Quote:
The Bond Market awaits the FED statement...as the 25bps has already been factored into the Market thus bringing the FED hike to 2.00%... the US Dollar sits at 84.31 and close to a break thru to -83<>+85 basis...the prior FED statement Rallied the Bond Market on low inflationary pressures where tommorow the Ears will be listening for possible deficit comments in conjunction to the current outlook on Growth/Debt/Inflation measures.
Gold hits 16 year Highs at $436 and the US Dollar firms at 84<>84.50 with a Oil Reversal from $55 to $47....with the Bond Market poised for an advance to the Yield curve.
US Trade data...and then the FOMC delivers to the Bond Market and the US Dollar...the Fundamentals.
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The US Dollar at 84.50 basis...FOMC at 2:15EST....
Time for the Fundamentals.