Comments overnight from Robert McAdie, head of research and strategy at BNP Paribas:

  • "It is still a dollar-bull story, in spite of the fact that the economic data in the U.S. has softened"
  • "You have a global environment in which other central banks are trying to keep their currencies competitive, and they're going to cut"
  • "I see further devaluation pressure". There's going to be more and more pressure on currencies relative to the dollar."

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I'll see what I can find from others with an alternative view. Life is all about balance, right?