Even though risk aversion might be on the rise and could drag on the dollar slightly, there is still a very, very strong equity flow going back into the United States.
More Quotes from Adam Myers:
The risk is that eurodollar still heads lower into Wednesday first due to negative press surrounding the German election,Adam Myers
We didn't see the big increase in Federal Reserve interest rates. I think that surprised a lot of the market.
Adam Myers
The world is coming to a view that the Fed is going to provide more liquidity and interest rates will probably (peak) around 4 percent,
Adam Myers
The U. S. dollar is being held firm by short-term rate expectations and until there is some sign of visible weakness in the U. S. housing market or receding inflation expectations, euro-dollar will likely remain under pressure,
Adam Myers
Everyone is sounding positive on the dollar, so you've got to wonder where new buyers will come from in the short term. The dollar may have more gains left, but by most indicators it's looking very overstretched at the moment.
Adam Myers
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