When you have a catalyst like today, the recovery tends to be much quicker and sharper than the decline because people are getting stopped out.

Some well-known commentators on Fed policy have come out and said that the Fed has finished, the Fed is on pause or the Fed should take a pause.

There's some definite independent strength in the Australian dollar, aided by gold and commodities.

Greenspan is speaking on the economy and ... the unmistakable message from the Fed is that hurricanes only represent a transitory risk.

The Fed is much more concerned that policy remains accommodative, which means that rate hikes will be measured going forward.

It's a neutral to a decent number. I don't think this number adds to the argument that the Fed is stopping (rate rises) at 4.5 percent.

We're oil traders now because currencies are trading so closely off oil. All the risk now is that the hurricane does not have all the negative effects for the U.S. economy.

Foreigners love U.S. assets, ... just broad-based appetite for dollar assets.

The data from Japan was universally softer than expected. It is conspiring to take the yen lower.