I think it's bad karma when you start talking down your own currency it smacks of desperation. If this turns into a rout, that will prove that classic adage -- be careful what you wish for.
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The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors.
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There was a lot of speculation around Washington a week ago that something big could come, that the White House needed to trot out something bold ahead of the convention, ... I've talked to several people who've come away from this thinking it's unlikely.
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There's an adage that the Fed cuts or hikes one time too many.
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