The trade number at best leaves the dollar where it was and at worst sparks a substantial dollar decline.
More Quotes from Lara Rhame:
This is a solid (GDP) release and should support the dollar's gains from earlier this morning,Lara Rhame
It's always been very important to listen to CEOs. When you've got guys that run companies nervous about demand, they put off investing.
Lara Rhame
If you look at the segments of the economy where we do have deflation, particularly in the goods industry -- and particularly in durable goods, such as automobiles and heavy machinery -- that's where most of the layoffs have been concentrated, ... That's where you see the connection of disinflation to overall economic growth.
Lara Rhame
This was a pretty positive number, with solid increases in output of business equipment and consumer goods.
Lara Rhame
Markets initially seem to be focusing more on the downward revision in growth than the upward revision to the deflator.
Lara Rhame
It erodes the relative interest-rate support for the dollar.
Lara Rhame
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