I think it's going to go further. The story's been the same for some time with the euro - the currency appears to ignore the good European economic news and latch on to the bad European news.

237

The market is trying to get to grips with which of the two schools of thought is right.

201

[Snow's comment] really does undermine the credibility of the U.S. strong dollar policy.

199

The market has to make its mind up what the Fed rate cut means.

185

Inflation is a massive theme because we are in a rising-interest-rate environment. I think there is enough pressure for the European Central Bank to raise interest rates fairly aggressively.

179

He was always sweet and funny. If you needed something like a pencil or a piece of paper, he'd always give you one, even if he had to sacrifice his own.

164

In context, those comments might have seemed fairly acceptable. But the market goes by headlines, and seeing that headline, the market sold the dollar.

159

I just felt like we owed it to him since he was so nice to us.

154