The dollar could edge lower as investor begin to absorb one of the first statements by a Fed official that rebukes the concept that the Fed will begin to tighten rates as soon as 6-months from the time its bond purchase program is complete. Philly Fed President Charles Plosser on CNBC this morning stated that the Fed “tried to say very explicitly” that “the expectations have not changed.” Traders have priced in an interest rate hike into the second quarter of 2015, and if this is taken out on the heels of these comments, the dollar could trace some of its recent gains… (full story)